英国国债短端收益率延续涨势，交易员削减对英国央行加息的押注。

ACTIVATION OF IRANIAN AIR DEFENSES IN SOME AREAS OF TEHRAN - REPORTS

Pakistan is taking a lead role in mediating between the U.S., Israel, and Iran amid the ongoing Middle East war. Army chief Asim Munir spoke with President Donald Trump, while Prime Minister Muhammad Shehbaz Sharif held talks with Iranian President Masoud Pezeshkian. Senior Pakistani officials are back-channelling communications between Tehran and U.S. envoys Steve Witkoff and Jared Kushner. Turkey, Egypt, and Qatar are also involved, though analysts caution that early-stage diplomacy may not resolve the conflict. Iran denies direct talks with the U.S.