活动指南：英国央行货币政策声明（2025年8月）。市场对英国央行本周降息的预期很高，那么他们会兑现吗？以下是交易8月份英国央行决定时需要注意的事项。

Event Guide: BOE Monetary Policy Statement (August 2025).Market expectations are running high for the U.K. central bank to cut interest rates this week, so will they deliver? Here's what to look out for when trading the August BOE decision.

智库称，英国里夫斯在今年的预算中面临“不可能”的选择。一家领先的智库周三表示，英国财政大臣雷切尔·里夫斯面临着一个“不可能的三难困境”，即大幅增税、削减开支或改变她所说的不可谈判的财政规则。

UK's Reeves heading for 'impossible' choices in this year's budget, think tank says.British finance minister Rachel Reeves faces an "impossible trilemma" of big tax hikes, spending cuts or a change to fiscal rules that she has said are non-negotiable, a leading think tank said on Wednesday.

富时100指数周二上涨，周一继续上涨0.7%，因强劲的企业盈利提振了市场情绪。施乐辉公司股价飙升超过15%，此前该公司公布了5亿美元的回购计划，超过了上半年的收入和利润预期。所有部门的增长都有所改善，分析师称赞利润率回升和前景清晰，尽管预计2025年关税将产生轻微影响。Fresnillo在上调黄金产量预测后上涨了6%。帝亚吉欧股价上涨超过4%，尽管盈利持平，首席执行官换届，投资者受到成本节约目标提高和下半年增长前景的鼓舞。这家饮料巨头表示，有机利润将以中个位数增长，预计到2025年底。英国石油公司在第二季度利润超过预期后上涨2.6%，这得益于炼油利润率和石油交易的强劲增长。该公司启动了7.5亿美元的回购计划，并表示随着其继续将重点转向化石燃料，第三季度上游产量将略有下降。

The FTSE 100 advanced on Tuesday, extending a 0.7% gain on Monday as strong corporate earnings boosted sentiment. Smith & Nephew surged over 15% after beating first-half revenue and profit estimates and announcing a $500 million buyback. Growth improved across all divisions, with analysts praising the margin recovery and outlook clarity, despite a minor tariff impact expected in 2025. Fresnillo jumped 6% after raising its gold production forecast. Diageo rose over 4% despite flat earnings and a CEO transition, with investors encouraged by raised cost-savings targets and a second-half growth outlook. The drinks giant said organic profit will rise mid-single digits, skewed to late 2025. BP climbed 2.6% after a Q2 profit beat, driven by stronger refining margins and oil trading. It launched a $750 million buyback and said upstream output would dip slightly in Q3 as it continues shifting focus back to fossil fuels.

标准普尔全球英国服务业采购经理人指数从初步估计的51.2小幅上调至2025年7月的51.8，但仍低于6月份的11个月高点52.8。商业活动连续第三个月增长，但在全球持续的不确定性中，企业继续面临客户信心下降和销售逆风。新工作总量以2022年11月以来的最快速度下降，而出口销售额小幅下降，速度低于6月份。员工数量创下自2月以来的最大跌幅，延续了2024年10月开始的就业下降趋势。积压的工作也连续26个月下降。在价格方面，投入成本通胀降至2025年的最低水平，但仍高于长期平均水平。与此同时，产出费用通胀从6月份开始回升，但仍低于上半年的平均水平。从更积极的方面来看，商业信心第二个月略有改善。

The S&P Global UK Services PMI was revised slightly up to 51.8 in July 2025 from a flash estimate of 51.2, though still below June’s 11-month high of 52.8. Business activity rose for a third straight month, but firms continued to face subdued client confidence and sales headwinds amid ongoing global uncertainty. Total new work declined at the fastest rate since November 2022, while export sales fell marginally and at a slower pace than in June. Staffing levels recorded their sharpest drop since February, extending a downward trend in employment that began in October 2024. Backlogs of work also declined for the 26th straight month. On the price front, input cost inflation eased to its lowest level of 2025, though it remained above the long-run average. Meanwhile, output charge inflation picked up from June but was still softer than the average seen in the first half of the year. On a more positive note, business confidence improved slightly for the second month.