UK Rate Hike Bets Surge as Oil Rally Fuels Inflation Worries; Market Prices 93% Probability of December Hike

According to Jin10 Data, on July 23, investors increased bets on UK rate hikes in November and December amid rising oil prices and inflation concerns. Markets are now fully pricing in a 25 basis point hike in November, with a 93% probability of a rate increase in December.
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