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LONDON (Reuters) -Markets are doubling down on bets for a UK recession after the Bank of England delivered an outsized rate hike on Thursday, steering investors away from sterling and back into battered government bonds.
LONDON (Reuters) - Markets are doubling down on bets for a UK recession after the Bank of England delivered an outsized rate hike on Thursday, steering investors away from sterling and back into battered government bonds.
(Bloomberg) -- Traders are betting the Bank of England will have to accelerate the pace of interest-rate hikes to get a handle on inflationary pressures plaguing the economy.Most Read from BloombergNoises Detected in Search for Titanic Sub as Oxygen DwindlesThese Are World’s Most Expensive Cities for High-Class LivingHedging Failure Exposes Private Equity to Interest-Rate SurgeChina Says Biden Calling Xi Jinping a Dictator Is ‘Provocation’What We Know About the Missing Titanic SubmersibleMoney m
Traders have lifted expectations for the terminal rate to 6 per cent, which would be the highest since the turn of the century. The pound fell.
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