CBI调查显示，英国制造商在4月份受到出口订单疲软的打击。英国工业联合会周四表示，4月份英国工厂订单的下滑仅略有缓解，新出口业务在全球贸易战中大幅下滑。

UK manufacturers hit by weak export orders in April, CBI survey shows.The downturn in British factory orders eased only slightly in April, with new export business sliding sharply amid a global trade war, the Confederation of British Industry said on Thursday.

英镑：高赤字和疲软的实体经济——德国商业银行。英国的财政挑战正在加剧，最新数据显示，预算赤字超出预期，增长指标不断恶化。德国商业银行外汇分析师Michael Pfister指出，随着政府支出面临进一步削减，服务业陷入收缩，英格兰银行面临着放松政策的压力，这可能会进一步拖累英镑。

GBP: High deficit and weak real economy – Commerzbank.Britain's fiscal challenges are mounting, with the latest data revealing a wider-than-expected budget deficit and deteriorating growth indicators. As government spending faces further cuts and the services sector slips into contraction, pressure is building on the Bank of England to loosen policy—potentially weighing further on the pound, Commerzbank's FX analyst Michael Pfister notes.

周四，英国富时100指数小幅下跌至8400点以下，扭转了前一天在全球谨慎情绪下的涨幅。投资者情绪因美国政策的不确定性和持续的贸易紧张局势而受到抑制。华盛顿表示，只有通过双方协议才能降低关税，而中国否认正在进行任何谈判，尽管特朗普总统的言论暗示可能达成协议。交易员们也消化了新一轮的企业盈利。在该指数的底部，Legal&General和Spirax在除息后分别下跌了5.2%和3.2%，Rentokil Initial与美国同行Rollins相比下跌了1.5%。另一方面，Endeavor飙升3%，领涨金价反弹，联合利华在超过第一季度销售额预期并重申其2025年前景后上涨0.3%。

The UK's FTSE 100 edged down to trade below 8,400 on Thursday, reversing the previous day’s gains amid cautious global sentiment. Investor mood was dampened by uncertainty over U.S. policy and lingering trade tensions. Washington signaled a willingness to reduce tariffs only through mutual agreement, while China denied any ongoing talks despite President Trump’s comments suggesting a possible deal. Traders also digested a new round of corporate earnings. At the bottom of the index, Legal & General and Spirax dropped 5.2% and 3.2%, respectively, after going ex-dividend, and Rentokil Initial fell 1.5% on read-across from U.S. peer Rollins. On the opposite side, Endeavour surged 3% and led the gains as gold prices rebounded, and Unilever rose 0.3% after topping Q1 sales estimates and reaffirming its 2025 outlook.

英国央行贝利：我们必须非常认真地对待与关税相关的增长风险。英国央行行长安德鲁·贝利强调，美国总统唐纳德·特朗普的关税政策给英国经济增长带来了越来越大的下行风险。Bailey在IIF会议上表示，“我们确实必须非常认真地对待增长风险”，强调了英国作为一个高度开放的经济体的脆弱性。

BoE's Bailey: We must take tariff-related growth risks very seriously.BoE Governor Andrew Bailey emphasized the growing downside risks to UK growth stemming from US President Donald Trump's tariff policies. Speaking at an IIF conference, Bailey said, “We do have to take very seriously the risk to growth,” highlighting the UK's vulnerability as a highly open economy.