欧元/英镑 (EURGBP) 加自选

英国工业联合会表示，英国零售业衰退已持续10个月。英国工业联合会周一的一项调查显示，由于价格上涨给消费者带来压力，英国零售销售下滑已持续到7月份的第10个月，尽管下降的速度没有6月份那么严重。

UK retail downturn stretches into 10th month, CBI says.A downturn in British retail sales extended into its 10th month in July as rising prices weighed on consumers, although the pace of the fall was less severe than in June, a Confederation of British Industry survey showed on Monday.

英国7月CBI零售业报告销售额为-34，而之前为-46。英国零售销售连续第十个月下滑。值得注意的是，价格上涨似乎是消费者关注的问题，尽管活动的下降并不像6月份那么明显。

UK July CBI retailing reported sales -34 vs -46 prior.The downturn in UK retail sales continues for a tenth consecutive month. Of note, rising prices seem to be a concern for consumers though the decline in activity wasn't as pronounced as in June.

收益率上升后，英格兰银行准备放缓QT。预计英格兰银行将很快放缓缩减其5580亿英镑（7540亿美元）政府债券持有量的步伐，经济学家希望下周能对其长期储备目标有所了解。

Bank of England poised to slow QT after rise in yields.The Bank of England is expected to soon slow the pace at which it shrinks its 558 billion-pound ($754 billion) holdings of government bonds, and economists hope next week will shed some light on its longer-term goals for the stockpile.

欧元周一攀升至1.175美元上方，结束了美国和欧盟周末达成贸易协议后连续两天的下跌。该协议包括对大多数欧洲商品征收15%的关税，远低于华盛顿最初威胁的30%，缓解了人们对更广泛贸易冲突的担忧。周日，特朗普总统和欧盟委员会主席乌尔苏拉·冯德莱恩在苏格兰联合宣布，该协议被特朗普誉为“所有协议中最大的”，而冯德莱恩表示，该协议将提供“稳定性”和“可预测性”。然而，关键细节，如涵盖哪些行业和可能的豁免范围，仍不清楚。上周，欧洲央行保持利率稳定，政策制定者暂停评估地缘政治风险，欧元上涨1%。欧洲央行今年已经四次降息，将存款利率从2024年的4%峰值降至截至6月的2%。

The euro climbed above $1.175 on Monday, snapping a two-day losing streak after the US and EU reached a trade agreement over the weekend. The deal includes a 15% tariff on most European goods, significantly lower than the 30% originally threatened by Washington, easing fears of a broader trade conflict. Announced jointly by President Trump and European Commission President Ursula von der Leyen in Scotland on Sunday, the agreement was hailed by Trump as “the biggest of all the deals,” while von der Leyen said it would provide “stability” and “predictability.” However, key details, such as which industries are covered and the scope of possible exemptions, remain unclear. Last week, the euro rose 1% after the ECB held interest rates steady as policymakers paused to assess geopolitical risks. The ECB has already delivered four rate cuts this year, lowering the deposit rate from a 4% peak in 2024 to 2% as of June.