Britain’s bond market is approaching an inflection point, with inflation data and a Bank of England decision set to shape the outlook for traders after yields rose to the highest level since 2008.
Those two events, due over 30 hours starting Wednesday morning, could bring a halt to upward momentum in interest-rate bets. Official data is expected to show inflation slowed to its lowest in 14 months, while investors are pricing in a 13th consecutive rate hike from the BOE to bring wage-price pressures under control.
Read More : Bets on UK Interest Rate Spike Face Uncertainty Within 30 Hours