在通胀意外放缓后，英国10年期国债收益率从4.76%的10周高点跌至4.7%。2月份CPI同比上涨2.8%，低于3%的预期，而月度通胀率加速至0.4%，仍低于预期。疲软的数据支持降息押注，交易员现在预计英格兰银行5月份降息的可能性为70%。然而，由于持续的价格压力和特朗普的关税政策，不确定性仍然存在。财政大臣雷切尔·里夫斯（Rachel Reeves）在下午12:30的春季声明将成为焦点，重点是削减开支和借贷，因为她试图恢复财政空间。预算责任办公室预计将下调英国经济增长预测，而债务管理办公室将公布自疫情以来最大规模的债券发行。

The UK’s 10-year gilt yield fell to 4.7% from a 10-week high of 4.76% after inflation unexpectedly slowed. CPI rose 2.8% in February from a year earlier, below forecasts of 3%, while monthly inflation accelerated to 0.4%, still below expectations. The softer data supports rate-cut bets, with traders now pricing a 70% chance of a Bank of England cut in May. However, uncertainty remains due to lingering price pressures and Trump’s tariff policies. Chancellor Rachel Reeves’ spring statement at 12:30 PM will take center stage, with focus on spending cuts and borrowing as she seeks to restore fiscal headroom. The Office for Budget Responsibility is expected to downgrade UK growth forecasts, while the Debt Management Office will unveil its largest bond issuance since the pandemic.