一项衡量英镑强弱的指标升至2016年以来的最高水平，得益于英国经济数据保持韧性以及市场对加息的预期。
A gauge of pound strength rose to its highest level since 2016, supported by resilient UK economic data and expectations for interest-rate hikes.
英国央行的英镑有效汇率指数自9月以来一直稳步上行，本周升破2025年5月的峰值，达到脱欧公投以来的最强水平。
The Bank of England’s pound effective exchange-rate index has been in a steady uptrend since September and this week rose above its May 2025 peak, reaching the strongest level since the Brexit referendum.
英国经济增长保持韧性，劳动力市场显现企稳迹象，政治风险有所缓解，这些因素共同支撑了英镑。今年以来，英镑表现优于十国集团中的多数货币，本周升破1.35美元，创下9月中旬以来兑美元的最高水平。
UK growth has remained resilient, the labor market has shown signs of stabilizing and political risks have eased, helping support the currency. Sterling has outperformed most of its Group-of-10 peers this year and surpassed $1.35 this week to hit its highest level against the dollar since mid-September.
市场注意力现在转向英国央行周四晚些时候的政策决定。市场预计央行将加息25个基点，这将是三年来的首次加息，交易员将重点关注对未来政策路径的指引。掉期市场显示，未来一年至少还会再加息两次，不过近期油价下跌可能减轻政策制定者更激进收紧政策的压力。
Attention now turns to the BOE’s policy decision later Thursday. Markets are pricing a quarter-point rate increase, the first in three years, and traders will focus on guidance for the path ahead. Swaps imply at least two additional increases over the next year, though the recent decline in oil prices may reduce pressure on policymakers to tighten more aggressively.
英国资产还受到财政大臣约翰·希利预算案的支撑，该预算案没有重大财政意外，受到投资者欢迎。与此同时，10月数据显示，英国私营部门以八个月来最快速度扩张，而持续两年的就业下滑也告结束。
UK assets have also been supported by Chancellor of the Exchequer John Healey’s budget, which contained no major fiscal surprises and was well received by investors. Meanwhile, October data showed Britain’s private sector expanded at the fastest pace in eight months, while a two-year downturn in employment came to an end.
英国央行的这一指数衡量的是英镑贸易加权汇率的整体变动，旨在衡量可贸易商品和服务价格竞争力的变化。
The BOE’s index is a measure of the overall change in the trade-weighted exchange value of sterling, and is designed to measure changes in the price competitiveness of traded goods and services.