周三，富时100指数小幅下跌，受令人失望的企业更新拖累。帝国品牌的股价在首席执行官Stefan Bomhard突然宣布辞职后暴跌约7%。与此同时，信贷数据公司益百利也下跌了2.8%，此前该公司发布的今年增长指导略低于分析师的预期。相比之下，富时250指数继续保持上涨势头，得益于博柏利股价在好于预期的收益后强劲反弹。投资者现在将注意力转向即将公布的英国GDP数据，预计该数据将显示更强劲的季度增长，但同比增速放缓，这可能会影响对英格兰银行政策决策的预期。

The FTSE 100 edged lower on Wednesday, weighed down by disappointing corporate updates. Shares of Imperial Brands plunged by around 7% after the surprise announcement that CEO Stefan Bomhard is stepping down. Meanwhile, credit data firm Experian also fell, down 2.8%, after issuing growth guidance for the year that slightly missed analyst expectations. In contrast, the FTSE 250 continued its upward momentum, helped by a strong rally in Burberry shares following better-than-expected earnings. Investors are now turning their focus to upcoming UK GDP data, expected to show stronger quarterly growth but a slower year-on-year pace, which could influence expectations for Bank of England policy decisions.

英镑/日元价格预测：从196.50以上的四个月高点回落。周三欧洲交易时段，英镑/日元从当天早些时候公布的四个月高点196.40修正至194.45附近。日本央行副行长内田慎一表示，尽管美国总统唐纳德·特朗普宣布关税后全球经济存在不确定性，但进一步加息的希望仍然存在，随后日元全面走强，交叉盘大幅回撤。

GBP/JPY Price Forecast: Retraces from four-month high above 196.50.The GBP/JPY pair corrects to near 194.45 during European trading hours on Wednesday from its four-month high of 196.40 posted earlier in the day. The cross retraces sharply as the Japanese Yen (JPY) strengthens across the board after comments from Bank of Japan (BoJ) Deputy Governor Shinichi Uchida indicated that hopes of further interest rate hikes are still alive despite global economic uncertainty in the wake of tariffs announced by United States (US) President Donald Trump.

英镑升至1.333美元以上，为一周来最高点，主要原因是美韩正在进行货币讨论的消息传出后，美元普遍疲软。美元下跌，此前有消息称，两国同意继续就外汇做法进行谈判，这引发了人们的猜测，即特朗普政府可能会支持美元走弱，并在即将举行的贸易谈判中关注汇率问题。在国内，人们的注意力转向了英格兰银行官员的评论。副行长Sarah Breeden强调了长期债券市场改革的重要性，而Catherine Mann则强调，在支持进一步降息之前，需要有更明确的迹象表明定价能力正在减弱。与此同时，英国经济数据显示，失业率上升至4.5%，为2021年以来的最高水平，工资增长放缓。这些发展略微提振了人们对英国央行将继续宽松的预期，尤其是在上周降息25个基点后，投票结果出现分歧。

The British pound rose above $1.333, the highest in one week, mainly due to broad weakness in the US dollar following news of ongoing currency discussions between the US and South Korea. The dollar fell after it was revealed that both countries agreed to continue talks on foreign exchange practices, leading to speculation that the Trump administration might support a weaker dollar and focus on exchange rates in upcoming trade talks. Domestically, attention turned to comments from Bank of England officials. Deputy Governor Sarah Breeden emphasized the importance of long-term bond market reforms, while Catherine Mann stressed the need for clearer signs of weakening pricing power before supporting more rate cuts. Meanwhile, UK economic data showed the jobless rate rose to 4.5%, the highest since 2021, and wage growth slowed. These developments slightly boosted expectations that the BoE will continue easing, especially after last week’s 25bps rate cut, which saw a split vote.

富时100指数周三持平，因公司业绩喜忧参半，抑制了投资者情绪。最大的拖累来自帝国品牌，该公司在报告上半年利润低于预期并宣布首席执行官离职后暴跌超过7%。此外，葛兰素史克在宣布以20亿美元收购一种肝病药物后上涨了0.5%以上，显示出战略扩张的意愿。从好的方面来看，博柏利股价飙升近10%，此前有迹象表明销售额趋于稳定，并承诺保持盈利预测不变，这与更广泛的奢侈品行业担忧背道而驰。该公司公布了一系列组织变革，作为其重振陷入困境的奢侈品牌的持续努力的一部分。在住房方面，Vistry重申了其前景，保持了稳定，而Persimmon的宽带单元出售表明了进一步的精简。

The FTSE 100 traded flat on Wednesday as mixed corporate results kept investor sentiment in check. The biggest drag came from Imperial Brands, which plunged over 7% after reporting a weaker-than-expected first-half profit and announcing its CEO’s departure. Also, GSK rose more than 0.5% after announcing a $2 billion deal to acquire a liver disease drug, showing appetite for strategic expansion. On the upside, Burberry shares surged nearly 10% after signs of stabilization in sales and a commitment to unchanged earnings forecasts, defying broader luxury sector concerns. The company unveiled a series of organizational changes as part of its ongoing efforts to revive the struggling luxury brand. In housing, Vistry held steady by reaffirming its outlook, while Persimmon’s broadband unit sale suggests further streamlining.