英国商品期货交易委员会英镑NC净头寸从之前的-39.1K英镑增至-25.2K英镑。英国商品期货交易委员会英镑NC净头寸从之前的-39.1K英镑增至-25.2K英镑

United Kingdom CFTC GBP NC Net Positions up to £-25.2K from previous £-39.1K.United Kingdom CFTC GBP NC Net Positions up to £-25.2K from previous £-39.1K

英国10年期国债收益率从8月19日的三个月高点4.7456%跌至4.7%以下，市场权衡了鲍威尔的杰克逊霍尔言论和最新通胀数据。鲍威尔暗示美联储可能降息，理由是就业和价格之间的风险转移，尽管关税仍然是一个通胀问题。在英国，7月份的通胀率高于预期，为3.8%，抑制了人们对英格兰银行近期进一步降息的预期。市场现在认为，银行利率在12月保持在4%的可能性为57%，到2026年底降至3.5%的可能性更大。在秋季预算之前，借贷成本的上升给财政大臣雷切尔·里夫斯带来了压力，这可能需要储蓄或增税。与此同时，预计欧洲央行将保持在2%，有效地结束了其宽松周期。

The yield on the UK 10-year gilt fell to below 4.7% from a three-month high of 4.7456% on August 19, as markets weighed Powell’s Jackson Hole remarks and the latest inflation data. Powell signaled possible Fed rate cuts, citing shifting risks between jobs and prices, though tariffs remain an inflation concern. In the UK, July inflation came in hotter-than-expected at 3.8%, curbing expectations for further near-term rate cuts by the Bank of England. Markets now price a 57% chance the Bank Rate stays at 4% through December, with odds favoring a cut to 3.5% by end-2026. Elevated borrowing costs add pressure on Chancellor Rachel Reeves ahead of the autumn budget, which may require savings or tax hikes. Meanwhile, the ECB is expected to hold at 2%, effectively ending its easing cycle.

周五，富时100指数上涨至9321点，再次创下历史新高，投资者对美联储主席鲍威尔在杰克逊霍尔发表的暗示可能降息的言论表示欢迎。鲍威尔表示，尽管人们对贸易关税导致的通货膨胀持续担忧，但劳动力市场可能会从较低的利率中受益。银行股领涨，渣打银行股价飙升近4%，此前美国司法部在一宗涉及违反制裁指控的长期民事案件中提交了有利文件。其他领先企业包括潘兴广场控股公司、Airtel Africa和Hikma Pharmaceuticals。另一方面，Rightmove、英美资源集团、可口可乐和保诚的亏损最大。下降0.8%至1.1%。本周，该指数上涨了约2%。

The FTSE 100 rose to 9,321 on Friday, hitting another record close, as investors welcomed remarks from Fed Chair Powell at Jackson Hole that signaled possible rate cuts. Powell suggested the labor market could benefit from lower rates, despite ongoing concerns over inflation due to trade tariffs. Banks led the gains, underpinned by a nearly 4% surge in Standard Chartered following a favourable filing from the US Department of Justice in a long-running civil case involving allegations of sanctions breaches. Other top advancers included Pershing Square Holdings, Airtel Africa and Hikma Pharmaceuticals. On the flip side, Rightmove, Anglo American, Coca-Cola and Prudential posted the biggest losses. shedding between 0.8% and 1.1%. For the week, the index is gained about 2%.

周五下午，富时100指数持平，小幅上涨至9316点左右，在美联储主席杰罗姆·鲍威尔在杰克逊霍尔发表演讲之前的谨慎交易中，从疲软的开局中恢复过来。预计鲍威尔将在持续的贸易紧张局势和不确定性中概述他的经济前景，投资者希望9月份能有降息的信号。银行股领涨，渣打银行股价飙升近4%，此前美国司法部在一宗涉及违反制裁指控的长期民事案件中提交了有利文件。其他领先企业包括潘兴广场控股公司、Airtel Africa和Hikma Pharmaceuticals。另一方面，Rightmove、英美资源集团、可口可乐和保诚的亏损最大。下降0.8%至1.1%。本周，该指数预计将上涨近2%。

The FTSE 100 turned flat to slightly higher around 9,316 on Friday afternoon, recovering from a weak start amid cautious trading ahead of Federal Reserve Chair Jerome Powell’s speech at Jackson Hole. Powell is expected to outline his economic outlook amid ongoing trade tensions and uncertainty, with investors hoping for a signal of a rate cut in September. Banks led the gains, underpinned by a nearly 4% surge in Standard Chartered following a favourable filing from the US Department of Justice in a long-running civil case involving allegations of sanctions breaches. Other top advancers included Pershing Square Holdings, Airtel Africa and Hikma Pharmaceuticals. On the flip side, Rightmove, Anglo American, Coca-Cola and Prudential posted the biggest losses. shedding between 0.8% and 1.1%. For the week, the index was set to advance nearly 2%.