英镑/南非兰特 (GBPZAR) 加自选

南非财政部长和央行行长在通胀目标上存在分歧。南非央行周四决定在没有财政部签字的情况下降低通胀目标，这引起了投资者对非洲最大经济体政策制定凝聚力的质疑。

South Africa's finance minister and central bank governor at odds over inflation target.The South African central bank's decision to lower its inflation target on Thursday without the sign-off of the finance ministry has raised questions among investors about policymaking cohesion in Africa's largest economy.

在伦敦，富时100指数周五下跌64点，跌幅0.70%。领跌的是Intertek（-6.74%）、Weir（-5.93%）和能多洁（-4.80%）。涨幅最大的是培生（6.29%）、梅尔罗斯（4.96%）和弗雷斯尼洛（2.79%）。

In London, the FTSE 100 Index fell 64 points or 0.70 percent on Friday. Leading the losses are Intertek (-6.74%), Weir (-5.93%) and Rentokil Initial (-4.80%). Top gainers were Pearson (6.29%), Melrose (4.96%) and Fresnillo (2.79%).

南非兰特从三个月低点回升至约18.1美元兑1美元，此前美国疲软的就业报告重新点燃了美联储可能需要在9月份降息的前景，美元走弱。与此同时，投资者权衡了对美国出口征收更高关税的前景。南非未能在与美国的贸易协议最后期限前达成协议，现在面临着将于8月7日生效的30%的出口关税。美国是南非仅次于中国的第二大双边贸易伙伴，进口汽车、钢铁制品、葡萄酒和柑橘类水果等产品。在货币政策方面，南非储备银行（SARB）一致投票决定将回购利率降低25个基点，将其从7.25%降至7.00%，正如预期的那样。央行明确表示，倾向于将通胀率稳定在3%，与目前3%-6%的目标区间下限保持一致，但财政部长目前排除了这一可能性。

The South African rand recovered from three-month lows to trade around 18.1 per USD, as the dollar weakened after a soft US jobs report that reignited prospects that the Federal Reserve might need to reduce interest rates in September. Meanwhile, investors weighed the prospect of higher tariffs on exports to the US. South Africa failed to meet the trade deal deadline with the US and now faces a 30% tariff on its exports, set to take effect on August 7. The US ranks as South Africa’s second-largest bilateral trading partner after China, importing products like cars, iron and steel goods, wine, and citrus fruits. On the monetary policy front, the South African Reserve Bank’s (SARB) voted unanimously to lower the repo rate by 25 bps, bringing it down from 7.25% to 7.00%, as anticipated. The central bank explicitly stated a preference for inflation to settle at 3%, aligning with the lower bound of the current 3%–6% target range, but the finance minister has ruled this out for now.

英国10年期政府债券收益率降至4.50%，为2025年7月以来的最低水平。在过去的4周里，英国10年期债券收益率下降了10.92个基点，在过去的12个月里，它上升了67.04个基点。

UK 10 Year Government Bond Yield decreased to 4.50%, the lowest since July 2025. Over the past 4 weeks, United Kingdom 10Y Bond Yield lost 10.92 basis points, and in the last 12 months, it increased 67.04 basis points.