The dollar headed for its first weekly fall in five weeks against major currencies on Friday and long-dated Treasury yields stayed elevated, as U.S. debt concerns that have mounted for years started driving moves in currencies and global debt.

U.K. inflation jumped sharply in April, hitting its highest level in over a year, likely causing the Bank of England to delay any further interest rate cuts.

Britain’s economy will grow a bit faster this year than thought a month ago, a Reuters poll of economists predicted, partly due to unexpectedly strong growth in the first quarter that was not expected to persist.

Japan’s export growth slowed in April, weighed by a decline in shipments to the U.S. as businesses in the world’s fourth-largest economy braced for the hit to a fragile economic recovery from President Donald Trump’s tariffs.

Oil prices rose more than 1% on Wednesday after reports that Israel could be preparing to strike Iranian nuclear facilities raised fears of a supply disruption in the Middle East.

The U.S. dollar fell further Wednesday, continuing to head lower on uncertainty over President Donald Trump’s tax bill, while sterling jumped after a hot inflation report.