U.K. Inflation Expectations at 13-Year High Lift Rate-Hike Bets
- Ten-year breakeven rate tops 4%, twice the BOE’s target
- Advance comes as U.K. gas prices soared to a record this week
Price signs above rails of clothes at Walthamstow Market in London.
Photographer: Chris Ratcliffe/BloombergThis article is for subscribers only.
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A market-based measure of expected inflation in the U.K. over the next decade topped 4%, bolstering wagers for tighter monetary policy.