{"id":46791,"date":"2026-05-13T12:26:28","date_gmt":"2026-05-13T12:26:28","guid":{"rendered":"https:\/\/www.vtmarketsmy.com\/cn\/uncategorized\/%e8%8b%b1%e9%95%91-%e7%be%8e%e5%85%83%e8%b7%8c%e5%8a%bf%e6%94%be%e7%bc%93%ef%bc%8c%e6%96%af%e5%a1%94%e9%bb%98%e9%a2%86%e5%af%bc%e7%96%91%e8%99%91%e6%8c%81%e7%bb%ad%ef%bc%9b%e4%ba%a4%e6%98%93%e5%91%98\/"},"modified":"2026-05-13T12:26:28","modified_gmt":"2026-05-13T12:26:28","slug":"%e8%8b%b1%e9%95%91-%e7%be%8e%e5%85%83%e8%b7%8c%e5%8a%bf%e6%94%be%e7%bc%93%ef%bc%8c%e6%96%af%e5%a1%94%e9%bb%98%e9%a2%86%e5%af%bc%e7%96%91%e8%99%91%e6%8c%81%e7%bb%ad%ef%bc%9b%e4%ba%a4%e6%98%93%e5%91%98","status":"publish","type":"post","link":"https:\/\/www.vtmarketsmy.com\/cn\/live-updates\/%e8%8b%b1%e9%95%91-%e7%be%8e%e5%85%83%e8%b7%8c%e5%8a%bf%e6%94%be%e7%bc%93%ef%bc%8c%e6%96%af%e5%a1%94%e9%bb%98%e9%a2%86%e5%af%bc%e7%96%91%e8%99%91%e6%8c%81%e7%bb%ad%ef%bc%9b%e4%ba%a4%e6%98%93%e5%91%98\/","title":{"rendered":"\u82f1\u9551\/\u7f8e\u5143\u8dcc\u52bf\u653e\u7f13\uff0c\u65af\u5854\u9ed8\u9886\u5bfc\u7591\u8651\u6301\u7eed\uff1b\u4ea4\u6613\u5458\u5173\u6ce81.3482\u652f\u6491\u4f4d"},"content":{"rendered":"

\u82f1\u9551\/\u7f8e\u5143\uff08GBP\/USD\uff09\u7684\u629b\u552e\u52a8\u80fd\u5df2\u7ecf\u653e\u7f13\uff0c\u4f46\u82f1\u56fd\u653f\u5c40\u4e0d\u786e\u5b9a\u6027\u4ecd\u5728\u5ef6\u7eed\uff0c\u9996\u76f8\u65af\u5854\u9ed8\uff08Starmer\uff09\u9762\u4e34\u88ab\u53d1\u8d77\u515a\u5185\u9886\u5bfc\u6743\u6311\u6218\u7684\u53ef\u80fd\u3002\u6cd5\u56fd\u5174\u4e1a\u94f6\u884c\uff08Societe Generale\uff09\u9884\u8ba1\uff0c\u82f1\u9551\/\u7f8e\u5143\u5728100\u65e5\u79fb\u52a8\u5e73\u5747\u7ebf\uff08100-day moving average\uff1a\u628a\u8fc7\u53bb100\u4e2a\u4ea4\u6613\u65e5\u7684\u4ef7\u683c\u53d6\u5e73\u5747\uff0c\u7528\u6765\u5224\u65ad\u8d8b\u52bf\u7684\u5e38\u7528\u6280\u672f\u6307\u6807\uff09\u9644\u8fd1\u7684\u652f\u6491\u4f4d\u57281.3482\uff0c\u53e6\u4e00\u4e2a\u652f\u6491\u4f4d\u57281.3420\uff1b\u963b\u529b\u4f4d\uff08resistance\uff1a\u4ef7\u683c\u4e0a\u884c\u65f6\u8f83\u5bb9\u6613\u9047\u5230\u5356\u538b\u7684\u533a\u57df\uff09\u57281.3660\u3002<\/p>\n

\u5de5\u515a\uff08Labour\uff09\u8bae\u5458\u53ca\u56db\u540d\u5185\u9601\u90e8\u957f\u547c\u5401\u65af\u5854\u9ed8\u8bbe\u5b9a\u65f6\u95f4\u8868\uff0c\u6700\u8fdf\u57289\u6708\u524d\u79bb\u4efb\uff0c\u4f46\u4ed6\u5df2\u62d2\u7edd\u3002\u65af\u5854\u9ed8\u9884\u8ba1\u5c06\u5728\u201c\u56fd\u738b\u6f14\u8bb2\u201d\uff08King\u2019s Speech\uff1a\u7531\u541b\u4e3b\u5728\u8bae\u4f1a\u5f00\u5e55\u65f6\u5ba3\u8bfb\u653f\u5e9c\u65bd\u653f\u7eb2\u9886\uff0c\u5e02\u573a\u5e38\u7528\u6765\u5224\u65ad\u653f\u7b56\u65b9\u5411\u4e0e\u653f\u6cbb\u7a33\u5b9a\uff09\u524d\uff0c\u4f1a\u89c1\u536b\u751f\u5927\u81e3\u97e6\u65af\u00b7\u65af\u7279\u91cc\u5ef7\uff08Wes Streeting\uff09\u3002<\/p>\n

\u653f\u6cbb\u98ce\u9669\u4e0e\u82f1\u9551\u5173\u952e\u4ef7\u4f4d<\/h3>\n

\u76ee\u524d\u5df2\u670981\u540d\u8bae\u5458\u8fbe\u5230\u95e8\u69db\uff0c\u610f\u5473\u7740\u968f\u65f6\u53ef\u80fd\u542f\u52a8\u9886\u5bfc\u6743\u6311\u6218\uff0c\u5177\u4f53\u65f6\u95f4\u7531\u5de5\u515a\u5168\u56fd\u6267\u884c\u59d4\u5458\u4f1a\uff08NEC\uff1aNational Executive Committee\uff0c\u515a\u7684\u6700\u9ad8\u7ba1\u7406\u673a\u6784\u4e4b\u4e00\uff09\u51b3\u5b9a\u3002\u65af\u7279\u91cc\u5ef7\u9635\u8425\u8ba4\u4e3a\uff0c\u53ef\u7528\u6765\u7ade\u4e89\u7684\u65f6\u95f4\u7a97\u53e3\u6709\u9650\uff0c\u56e0\u4e3a\u5b89\u8fea\u00b7\u4f2f\u7eb3\u59c6\uff08Andy Burnham\uff09\u53ef\u80fd\u56de\u5f52\u8bae\u4f1a\u3002<\/p>\n

\u82f1\u56fd\u56fd\u503a\uff08gilts\uff1a\u82f1\u56fd\u653f\u5e9c\u53d1\u884c\u7684\u56fd\u503a\uff09\u5e02\u573a\u8d70\u52bf\u5206\u5316\u300210\u5e74\u671f\u56fd\u503a\u6536\u76ca\u7387\uff0810-year yield\uff1a\u6301\u6709\u5230\u671f\u7684\u5e02\u573a\u56de\u62a5\u7387\uff0c\u6536\u76ca\u7387\u4e0a\u5347\u901a\u5e38\u4ee3\u8868\u503a\u4ef7\u4e0b\u8dcc\uff09\u5728\u65e9\u76d8\u4e3a5.06%\uff0c\u8f83\u524d\u4e00\u4ea4\u6613\u65e5\u76d8\u4e2d\u9ad8\u70b9\u56de\u843d7.5\u4e2a\u57fa\u70b9\uff08bp\uff1abasis point\uff0c\u57fa\u70b9\uff0c1bp=0.01%\uff09\u300230\u5e74\u671f\u6536\u76ca\u7387\u4e00\u5ea6\u89e6\u53ca5.814%\uff0c\u4e3a1998\u5e74\u4ee5\u6765\u6700\u9ad8\u3002<\/p>\n

\u5e02\u573a\u5bf96\u6708\u82f1\u56fd\u592e\u884c\u8d27\u5e01\u653f\u7b56\u59d4\u5458\u4f1a\uff08MPC\uff1aMonetary Policy Committee\uff0c\u8d1f\u8d23\u51b3\u5b9a\u5229\u7387\u7684\u59d4\u5458\u4f1a\uff09\u4f1a\u8bae\u7684\u9884\u671f\uff0c\u81ea\u4e0a\u5468\u56db\u5927\u9009\u4ee5\u6765\u6ca1\u6709\u53d8\u5316\u3002\u5e02\u573a\u76ee\u524d\u8ba1\u5165\u4e0b\u4e2a\u6708\u52a0\u606f10\u4e2a\u57fa\u70b9\u3002<\/p>\n

\u9488\u5bf9\u9996\u76f8\u65af\u5854\u9ed8\u7684\u9886\u5bfc\u6743\u6311\u6218\u5e26\u6765\u660e\u663e\u4e0d\u786e\u5b9a\u6027\uff0c\u4ee4\u82f1\u9551\u77ed\u671f\u51fa\u73b0\u201c\u5e95\u90e8\u652f\u6491\u201d\u3002\u4ea4\u6613\u5458\u5728\u8bc4\u4f30\u653f\u6cbb\u98ce\u9669\u7684\u540c\u65f6\uff0c\u4e5f\u5728\u5bf9\u7167\u5e02\u573a\u5bf9\u82f1\u56fd\u592e\u884c6\u6708\u4f1a\u8bae\u7684\u7a33\u5b9a\u9884\u671f\uff0c\u56e0\u6b64\u82f1\u9551\/\u7f8e\u5143\u7684\u5356\u538b\u6682\u65f6\u505c\u987f\u3002\u653f\u6cbb\u4e0e\u8d27\u5e01\u653f\u7b56\u9884\u671f\u62c9\u626f\uff0c\u5f80\u5f80\u4f1a\u653e\u5927\u6ce2\u52a8\u3002<\/p>\n

\u5728\u8fd9\u79cd\u80cc\u666f\u4e0b\uff0c\u53ef\u8003\u8651\u901a\u8fc7\u671f\u6743\uff08options\uff1a\u4e00\u79cd\u5408\u7ea6\uff0c\u4e70\u65b9\u652f\u4ed8\u6743\u5229\u91d1\u540e\uff0c\u83b7\u5f97\u5728\u672a\u6765\u4ee5\u7ea6\u5b9a\u4ef7\u683c\u4e70\u5165\u6216\u5356\u51fa\u6807\u7684\u7684\u6743\u5229\uff09\u4e70\u5165\u6ce2\u52a8\u7387\uff08buying volatility\uff1a\u62bc\u6ce8\u672a\u6765\u4ef7\u683c\u6ce2\u52a8\u4f1a\u53d8\u5927\uff0c\u800c\u4e0d\u662f\u62bc\u6ce8\u6da8\u6216\u8dcc\uff09\u3002\u82e5\u515a\u5185\u89d2\u529b\u5347\u7ea7\uff0c\u82f1\u9551\u53ef\u80fd\u5feb\u901f\u4e0b\u632b\uff1b\u82e5\u8fc5\u901f\u89e3\u51b3\uff0c\u53ef\u80fd\u51fa\u73b0\u201c\u677e\u4e00\u53e3\u6c14\u201d\u7684\u53cd\u5f39\uff0c\u56e0\u6b64\u505a\u591a\u8de8\u5f0f\/\u5bbd\u8de8\u5f0f\u7b56\u7565\u66f4\u5177\u5438\u5f15\u529b\u3002\u8de8\u5f0f\uff08long straddle\uff1a\u540c\u4e00\u5230\u671f\u65e5\u540c\u65f6\u4e70\u5165\u76f8\u540c\u884c\u6743\u4ef7\u7684\u770b\u6da8\u4e0e\u770b\u8dcc\u671f\u6743\uff0c\u62bc\u6ce8\u5927\u6ce2\u52a8\uff09\u4e0e\u5bbd\u8de8\u5f0f\uff08long strangle\uff1a\u4e70\u5165\u4e0d\u540c\u3001\u66f4\u4ef7\u5916\u7684\u770b\u6da8\u4e0e\u770b\u8dcc\u671f\u6743\uff0c\u6210\u672c\u8f83\u4f4e\u4f46\u9700\u8981\u66f4\u5927\u6ce2\u52a8\u624d\u76c8\u5229\uff09\u90fd\u5c5e\u4e8e\u62bc\u6ce8\u6ce2\u52a8\u7684\u505a\u6cd5\u3002\u8fc7\u53bb\u4e24\u5468\uff0c1\u4e2a\u6708\u671f\u82f1\u9551\/\u7f8e\u5143\u671f\u6743\u7684\u9690\u542b\u6ce2\u52a8\u7387\uff08implied volatility\uff1a\u671f\u6743\u4ef7\u683c\u53cd\u63a8\u7684\u5e02\u573a\u9884\u671f\u6ce2\u52a8\uff09\u5df2\u4ece\u7ea67%\u5347\u81f3\u8d85\u8fc79.5%\uff0c\u53cd\u6620\u5e02\u573a\u5728\u4e3a\u66f4\u5927\u4ef7\u683c\u6ce2\u52a8\u505a\u51c6\u5907\u3002<\/p>\n

\u671f\u6743\u7b56\u7565\u4e0e\u5173\u952e\u50ac\u5316\u5242<\/h3>\n

\u8fd9\u4e00\u5c40\u9762\u5bb9\u6613\u8ba9\u4eba\u60f3\u8d772022\u5e74\u7684\u5e02\u573a\u52a8\u8361\u3002\u5f53\u65f6\u82f1\u56fd\u56fd\u503a\u6536\u76ca\u7387\uff08gilt yields\uff09\u6025\u5347\uff0c\u968f\u540e\u82f1\u9551\u51fa\u73b0\u5386\u53f2\u6027\u66b4\u8dcc\u3002\u5982\u4eca30\u5e74\u671f\u6536\u76ca\u7387\u5347\u81f35.814%\u3001\u4e3a1998\u5e74\u4ee5\u6765\u6700\u9ad8\uff0c\u4e5f\u663e\u793a\u5e02\u573a\u538b\u529b\u6b63\u5728\u7d2f\u79ef\u3002\u5386\u53f2\u7ecf\u9a8c\u663e\u793a\uff0c\u5f53\u82f1\u56fd\u503a\u5e02\u660e\u663e\u4e0d\u7a33\u65f6\uff0c\u6c47\u7387\u5f80\u5f80\u4f1a\u51fa\u73b0\u8f83\u5927\u6ce2\u52a8\u3002<\/p>\n

\u5c3d\u7ba1\u653f\u6cbb\u6742\u97f3\u4e0d\u65ad\uff0c\u5e02\u573a\u5e76\u672a\u5b8c\u5168\u6392\u9664\u4e0b\u4e2a\u6708\u82f1\u56fd\u592e\u884c\u7ee7\u7eed\u52a0\u606f\u7684\u53ef\u80fd\u3002\u82f1\u56fd\u6838\u5fc3\u901a\u80c0\uff08core inflation\uff1a\u5254\u9664\u98df\u54c1\u4e0e\u80fd\u6e90\u7b49\u6ce2\u52a8\u8f83\u5927\u7684\u9879\u76ee\uff0c\u66f4\u80fd\u53cd\u6620\u957f\u671f\u7269\u4ef7\u8d8b\u52bf\uff09\u4ecd\u9ad8\u8fbe3.8%\uff0c\u8fdc\u9ad8\u4e8e2%\u76ee\u6807\uff0c\u51b3\u7b56\u8005\u53ef\u80fd\u88ab\u8feb\u8fdb\u4e00\u6b65\u6536\u7d27\u653f\u7b56\uff08tighten policy\uff1a\u901a\u8fc7\u52a0\u606f\u6216\u51cf\u5c11\u6d41\u52a8\u6027\u6765\u538b\u5236\u901a\u80c0\uff09\u3002\u8fd9\u53ef\u80fd\u90e8\u5206\u5bf9\u51b2\u653f\u6cbb\u56e0\u7d20\u5e26\u6765\u7684\u82f1\u9551\u8d70\u5f31\uff0c\u4ee4\u884c\u60c5\u66f4\u504f\u5411\u201c\u53cc\u5411\u6ce2\u52a8\u201d\u3002<\/p>\n

\u672a\u6765\u51e0\u5929\uff0c100\u65e5\u79fb\u52a8\u5e73\u5747\u7ebf\u9644\u8fd11.3482\u7684\u5173\u952e\u652f\u6491\u4f4d\u503c\u5f97\u5bc6\u5207\u5173\u6ce8\u3002\u201c\u56fd\u738b\u6f14\u8bb2\u201d\u662f\u4e0b\u4e00\u9879\u91cd\u8981\u50ac\u5316\u5242\uff08catalyst\uff1a\u53ef\u80fd\u89e6\u53d1\u5e02\u573a\u5feb\u901f\u53cd\u5e94\u7684\u4e8b\u4ef6\uff09\u3002\u82e5\u91ca\u653e\u51fa\u6743\u5a01\u4e0d\u8db3\u6216\u5185\u90e8\u4e0d\u7a33\u7684\u4fe1\u53f7\uff0c\u652f\u6491\u4f4d\u53ef\u80fd\u88ab\u6709\u6548\u8dcc\u7834\uff1b\u82e5\u8868\u73b0\u5f3a\u52bf\uff0c\u82f1\u9551\/\u7f8e\u5143\u53ef\u80fd\u53cd\u5f39\u81f31.3660\u963b\u529b\u4f4d\u9644\u8fd1\uff0c\u4f7f\u56f4\u7ed5\u8be5\u4e8b\u4ef6\u8bbe\u8ba1\u7684\u671f\u6743\u7b56\u7565\u66f4\u5177\u65f6\u6548\u6027\u3002<\/p>\n","protected":false},"excerpt":{"rendered":"

\u82f1\u9551\/\u7f8e\u5143\u5356\u538b\u6682\u6b47\uff0c\u4f46\u65af\u5854\u9ed8\u6216\u906d\u515a\u5185\u6311\u6218\uff0c\u653f\u6cbb\u98ce\u9669\u672a\u6563\u3002\u5173\u6ce81.3482\/1.3420\u652f\u6491\u4e0e1.3660\u963b\u529b\uff0c\u56fd\u738b\u6f14\u8bb2\u6210\u50ac\u5316\uff0c\u671f\u6743\u4e70\u6ce2\u52a8\u66f4\u5438\u5f15\u3002<\/p>\n","protected":false},"author":12,"featured_media":0,"comment_status":"","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[129],"tags":[],"class_list":["post-46791","post","type-post","status-publish","format-standard","hentry","category-live-updates"],"acf":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/46791","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/users\/12"}],"replies":[{"embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/comments?post=46791"}],"version-history":[{"count":0,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/posts\/46791\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/media?parent=46791"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/categories?post=46791"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.vtmarketsmy.com\/cn\/wp-json\/wp\/v2\/tags?post=46791"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}