在伦敦，富时100指数周五上涨52点，涨幅0.65%。涨幅最大的是Fresnillo（7.15%）、Endeavor（6.32%）和Convatec Group（4.20%）。最大的损失来自英国石油公司（-2.99%）、国际航空集团（-1.95%）和益百利（-1.58%）。

In London, the FTSE 100 Index went up by 52 points or 0.65 percent on Friday. Top gainers were Fresnillo (7.15%), Endeavour (6.32%) and Convatec Group (4.20%). Biggest losses came from BP (-2.99%), International Airlines Group (-1.95%) and Experian (-1.58%).

英国国内生产总值意外上涨后，富时100指数周五上涨0.7%，延续了周四3%的涨势。英国2月份经济增长0.5%，远高于经济学家预测的0.1%。矿业股领涨，随着金价继续上涨，黄金生产商Fresnillo和Endeavor分别上涨7.2%和6.3%。嘉能可、英美资源集团和力拓也上涨了2.4-4%。相比之下，英国石油公司在发布疲软的生产前景后下跌了3%，称第一季度上游产量将比上一季度下降。尽管出现反弹，但富时100指数在上周暴跌7%后，本周仍下跌了约1.2%。美国和中国本周一直在针锋相对地提高关税，白宫证实，美国对中国商品的累计关税负担现已达到145%。与此同时，中国财政部宣布将把美国商品的关税提高到125%。

The FTSE 100 rose 0.7% on Friday, adding to Thursday’s 3% rally, after UK GDP surprised to the upside. The British economy grew 0.5% in February, well above the 0.1% forecast by economists. Mining stocks led gains, with gold producers Fresnillo and Endeavour climbing 7.2% and 6.3%, respectively, as gold prices continued to rally. Glencore, Anglo American and Rio Tinto also advanced 2.4–4%. In contrast, BP dropped 3% after issuing a weak production outlook, saying upstream output in Q1 will fall compared to the previous quarter. Despite the rebound, the FTSE 100 lost around 1.2% for the week, following last week’s 7% slump. The US and China have been trading tit-for-tat tariff hikes all week, with the White House confirming that the cumulative US tariff burden on Chinese goods now reaches 145%. Meanwhile, China’s finance ministry announced it will raise tariffs on US goods to 125%.

英国10年期国债收益率攀升至4.7%，在前一天大幅下跌14.2个基点后反弹，因为全球债券市场在美中贸易紧张局势升级的情况下仍不稳定。中国宣布将把美国商品的关税提高到125%，加剧了针锋相对的关税战。白宫证实，美国对中国进口商品的有效关税税率目前约为145%。与此同时，国内生产总值数据显示，2月份经济增长超过预期的0.5%，标志着近一年来最强劲的月度增长，所有主要行业都普遍增长。部分受关税前制造业活动推动的上行意外导致投资者降低了对英格兰银行大幅降息的预期。尽管如此，市场仍将继续对今年至少三次降息进行定价。与此同时，英国央行最近决定从出售长期债券转向短期债券，以应对最近的市场波动，同时继续实施其整体债务削减计划。

The UK 10-year gilt yield climbed to 4.7%, rebounding after a sharp 14.2 bps drop the day before, as global bond markets remained volatile amid escalating US-China trade tensions. China announced it would raise tariffs on US goods to 125%, intensifying a tit-for-tat tariff war. The White House confirmed that the effective US tariff rate on Chinese imports now totals around 145%. Meanwhile, GDP data showed the economy grew by a more than expected 0.5% in February, marking the strongest monthly growth in nearly a year, with broad gains across all major sectors. The upside surprise, partly driven by pre-tariff manufacturing activity, led investors to scale back expectations for aggressive Bank of England rate cuts. Still, markets continue to price in at least three quarter-point cuts this year. Meanwhile, the BoE recently decided to switch from selling long-term bonds to short-term ones, reacting to recent market volatility, while continuing its overall debt reduction plans.

4月3日，英镑攀升至1.30美元以上，接近1.31美元的六个月高点，此前英国2月份GDP意外上涨0.5%，是预期增速的五倍。所有主要行业都做出了贡献，更强劲的工厂产出暗示着在特朗普激进的新关税措施之前将进行库存。可靠的数据导致交易员略微降低了对英格兰银行快速降息的预期，尽管2025年仍将降息四分之三个百分点。英镑也受益于美元走软，因为投资者对日益加剧的美中贸易战做出了反应。在一周的报复行动之后，中国财政部宣布将把美国商品的关税提高到125%。美国现在对中国进口产品的关税负担总计为145%，包括125%的进口关税和额外的20%芬太尼相关税。

The British pound climbed past $1.30, moving closer to a six-month high of $1.31 on April 3, after UK GDP surprised to the upside with 0.5% growth in February—five times the expected pace. All major sectors contributed, and stronger factory output hinted at stockpiling ahead of Trump’s aggressive new tariff measures. The solid data led traders to slightly reduce expectations for rapid Bank of England rate cuts, though three quarter-point cuts are still priced in for 2025. Sterling also benefited from a softer dollar, as investors react to the intensifying US-China trade war. China's finance ministry announced it will raise tariffs on US goods to 125%, following a week of retaliatory moves. The US now has a combined tariff burden on Chinese imports totaling 145%, including a 125% import duty and an additional 20% fentanyl-related levy.