英镑/日元在四天反弹后下跌，因市场重新评估日本央行的政策前景。英镑/日元在四天反弹后下跌，因市场重新评估日本央行的政策前景

GBP/JPY slips after four-day rally as markets reassess BoJ policy outlook.GBP/JPY slips after four-day rally as markets reassess BoJ policy outlook

英国央行曼恩发表评论后，英镑减少跌幅。周四，在英格兰银行政策制定者凯瑟琳·曼表示利率可能会在更长时间内保持较高水平后，英镑收复了一些失地，尽管英镑在很大程度上仍受制于美元交叉。

Sterling pares losses after comments from BoE's Mann .Sterling clawed back some losses on Thursday after Bank of England policymaker Catherine Mann suggested rates could stay higher for longer, though the pound remained largely at the mercy of dollar crosses.

英国央行行长曼恩：通胀疤痕仍对消费造成压力，证明政策克制的时间更长。英国央行政策制定者凯瑟琳·曼在今天的一次演讲中警告称，尽管有消费疲软的迹象，但货币政策必须保持限制性，认为高通胀已经给英国消费者留下了创伤，并继续抑制支出。

BoE's Mann: Inflation scarring still weighing on consumption, justifies policy restraint for longer.BoE policymaker Catherine Mann cautioned in a speech today that monetary policy must remain restrictive despite signs of weak consumption, arguing that high inflation has scarred UK consumers and continues to suppress spending.

英国10年期国债收益率几乎没有变化，为4.73%，反映出投资者在下个月预算之前的谨慎态度以及对债务可持续性的日益担忧。财政部长雷切尔·里夫斯（Rachel Reeves）在寻求实现财政目标的同时避免可能抑制增长的措施，面临着艰难的平衡。市场预计里夫斯将再次提高税收，此前她的第一个预算将雇主的社会缴款增加了250亿英镑。分析师预测，到年底将出现温和增长，但通胀率将升至4%，是英国央行目标的两倍。市场预计英国央行明年将两次降息，第一次降息预计要到4月。与此同时，英国央行首席经济学家Huw Pill警告称，不要试图通过货币政策解决英国的所有经济挑战，并敦促“保守的央行”专注于通胀控制。随着借贷成本攀升和财政压力增加，他的言论反驳了英国央行和政府之间加强协调的呼吁。

The UK 10-year gilt yield was little changed at 4.73%, reflecting investor caution ahead of next month’s budget and growing concerns over debt sustainability. Finance Minister Rachel Reeves faces a tough balancing act as she seeks to meet fiscal targets while avoiding measures that could stifle growth. Markets expect Reeves to raise taxes again, after her first budget increased employer social contributions by £25 billion. Analysts forecast modest growth through year-end but see inflation rising to 4%, twice the BoE’s target. Markets are pricing in two BoE rate cuts next year, with the first not expected until April. Meanwhile, BoE Chief Economist Huw Pill cautioned against trying to solve all of Britain’s economic challenges through monetary policy, urging “conservative central banking” focused on inflation control. His remarks counter calls for greater coordination between the BoE and government, as borrowing costs climb and fiscal pressures mount.