英国债券市场狂热消退，英镑企稳。周四，英镑出现了几个月来最不稳定的一周，投资者对英国的财政状况和政府控制财政的能力越来越紧张，这也扰乱了债券市场。

Sterling steadies as UK bond market frenzy ebbs.The pound drifted on Thursday, in what has been its most volatile week in months, as investors grow increasingly nervous about Britain's finances and the government's ability to keep them under control, which has rattled the bond market too.

英国央行调查显示，英国公司报告称，英国未来一年的通胀预期略有上升。英国央行周四的一项调查显示，在截至8月的三个月里，英国公司对明年整体经济通胀的预期上升了0.1个百分点，达到3.3%。

British firms report slight rise in UK year-ahead inflation expectations, BoE survey shows.British firms' expectations of inflation over the next year in the overall economy rose to 3.3%, up by 0.1 percentage points, in the three months to August, a Bank of England survey showed on Thursday.

标准普尔全球英国建筑业采购经理人指数从7月份的五年多来的低点44.3升至2025年8月的45.5，略高于市场预测的45。商业建筑收缩放缓有助于抵消住宅和土木工程工作的大幅下降，住房活动出现了自2月以来的最大跌幅，土木工程出现了自2020年10月以来的最差跌幅。新订单连续第八个月下降，但速度为1月以来最慢。这种持续的疲软导致招聘冻结和离职员工无法更换，就业水平以5月以来的最快速度下降。采购活动也以三个月来的最大速度减少。同时，供应商交货时间缩短。购买价格通胀降至十个月低点，产出费用以六个月来最慢的速度上涨。最后，商业活动预期进一步减弱，在持续的不确定性和经济逆风中，信心降至2022年12月以来的最低水平。

The S&P Global UK Construction PMI rose to 45.5 in August 2025, from an over five-year low of 44.3 in July and slightly above market forecasts of 45. A slower contraction in commercial building helped offset sharper falls in residential and civil engineering work, with housing activity posting its steepest drop since February and civil engineering its worst since October 2020. New orders fell for the eighth straight month but at the slowest pace since January. This ongoing weakness led to hiring freezes and non-replacement of departing staff, with employment levels falling at the fastest rate since May. Purchasing activity was also cut at the sharpest rate in three months. Meanwhile, supplier delivery times shortened. Purchasing price inflation eased to a ten-month low, and output charges rose at the slowest pace in six months. Finally, business activity expectations weakened further, with confidence at its lowest since December 2022 amid persistent uncertainty and economic headwinds.

周四，富时100指数在9180附近徘徊，前一交易日收盘上涨0.6%，这得益于最近动荡后全球债券市场的稳定。投资者的注意力转向ADP即将公布的美国劳动力市场数据，因为越来越多的人预计美联储将在未来几个月降息。与此同时，英国廉价航空公司Jet2预测全年营业利润低于其指导值后，旅游业面临压力。在其他企业新闻中，博柏利已重返富时100指数，在阔别一年后重新跻身伦敦顶级指数。最后，专注于国内市场的富时250指数上涨0.3%，至21370点，在零售商Currys公布强劲的交易更新并公布5000万英镑的股票回购后，Currys股价飙升20%，创下四年新高。

The FTSE 100 hovered near 9,180 on Thursday after closing 0.6% higher the previous session, supported by a stabilization in global bond markets following recent turbulence. Investor attention turned to upcoming US labor market data from ADP amid growing expectations that the US Federal Reserve will cut rates in the months ahead. Meanwhile, the travel sector came under pressure after UK budget airline Jet2 forecast full-year operating profit at the lower end of its guidance. In other corporate news, Burberry has secured its return to the FTSE 100, regaining a place in London’s top index after a year-long absence. Finally, the domestically focused FTSE 250 rose 0.3% to 21,370, led by a 20% surge in Currys shares to a four-year high after the retailer reported a robust trading update and unveiled a £50 million share buyback.