Rising oil prices exceeding $100 per barrel are fueling speculation about a potential rate hike in the UK. The Bank of England’s current Bank Rate stands at 3.75%, with inflation remaining above the 2% target. UK government bond yields have also risen, reflecting concerns about tighter financial conditions and inflationary pressures. Market participants are closely watching the Bank of England’s decision on September 17 for any indications regarding future monetary policy directions.
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