Iceland Trade Deficit Widens In April

Indian Rupee Falls To Near 4-week Low Amid India-Pakistan Tensions

*Indian Rupee Falls To Near 4-week Low Of 85.80 Against U.S. Dollar

Pound Recovers After BoE Monetary Policy Announcement

U.S. Labor Productivity Pulls Back More Than Expected In Q1

U.S. Weekly Jobless Claims Dip To 228,000

*U.S. Labor Productivity Falls 0.8% In Q1, Unit Labor Costs Spike 5.7%

Hungary Industrial Output Contracts 5.4%

*U.S. Initial Jobless Claims Dip To 228,000 In Week Ended 5/3

Pound Recovers Against Majors

*Pound Ticks Up 1.3339 Against U.S. Dollar

*Pound Rises To 2-day High Of 0.8472 Against Euro

*Pound Advances To 6-day High Of 192.97 Against Yen

*Pound Edges Up To 1.1004 Against Swiss Franc

BoE Cuts Key Rate To 4.25% In Three-Way Split