coin-img-ETHETH+0.58%coin-img-SOLSOL+3.76%coin-img-BTCBTC-0.34%coin-img-XRPXRP+2.71%coin-img-ONDOONDO+4.42%coin-img-USDCUSDC-0.01%coin-img-SUISUI+11.90%coin-img-NEARNEAR+5.91%coin-img-ETHETH+0.58%coin-img-SOLSOL+3.76%coin-img-BTCBTC-0.34%coin-img-XRPXRP+2.71%coin-img-ONDOONDO+4.42%coin-img-USDCUSDC-0.01%coin-img-SUISUI+11.90%coin-img-NEARNEAR+5.91%coin-img-ETHETH+0.58%coin-img-SOLSOL+3.76%coin-img-BTCBTC-0.34%coin-img-XRPXRP+2.71%coin-img-ONDOONDO+4.42%coin-img-USDCUSDC-0.01%coin-img-SUISUI+11.90%coin-img-NEARNEAR+5.91%coin-img-ETHETH+0.58%coin-img-SOLSOL+3.76%coin-img-BTCBTC-0.34%coin-img-XRPXRP+2.71%coin-img-ONDOONDO+4.42%coin-img-USDCUSDC-0.01%coin-img-SUISUI+11.90%coin-img-NEARNEAR+5.91%
user-avatar
Reuters

BoE deputy governors signal they are nearing support for a rate hike as energy costs stay high

AI Market Summary
Two BoE deputy governors signaled they are nearing support for a rate hike as persistent energy-driven inflation risks become entrenched, with markets pricing a high probability of a 25bp move in November and another by February. A more hawkish rate path tightens UK financial conditions and raises UK rate-volatility, influencing sterling via repricing of front-end yields and growth expectations amid uncertainty tied to Iran-related energy disruptions.
Impact level
● High
Affected assets
NCFXGBP2USD/USDT+0.28%
AI Insight · NCFXGBP2USD/USDTAI Insight
▼ Bearish
Trade now
⚠️ AI-generated insights are based on news content and are provided for informational purposes only. They do not constitute investment advice or represent the views of BingX. Investing involves risk. Please trade responsibly.
Two Bank of England deputy governors suggested they are moving closer to voting for an interest-rate increase as persistently high energy costs risk keeping inflation above target. The BoE kept its benchmark rate at 3.75% last week, but warned inflation could top 4% early next year if the Iran conflict drags on, well above its 2% goal. Markets are pricing a 75% chance of a 25-basis-point hike at the November meeting, according to Reuters.
Disclaimer: The content above is only the author's opinion and does not represent BingX’s stance. It shall not be construed as investment advice from BingX. For details, refer to the Terms and Conditions.
Macro

Risk Warning

Cryptocurrencies and their derivatives are innovative financial products with great volatility and high investment risks.

Although BingX is committed to providing users with easy-to-use trading tools, trading itself is still a highly sophisticated field. Trading digital assets and their derivatives are subject to high market risk and price volatility and may result in partial or total loss of account funds. You must carefully consider and exercise clear judgment to evaluate your financial situation and the aforementioned risks before using BingX Services. You shall be responsible for all losses arising therefrom. If necessary, please consult relevant professionals to make informed decisions before investing. By accessing, downloading, using or clicking on "I agree" to accept any BingX Services provided by BingX, you agree that you have read, understood and accepted all of the terms and conditions stipulated in BingX Terms of Use as well as our Privacy Policy.


Trading by copying or replicating the trades of other traders involves a high level of risks, even when copying or replicating the top-performing traders. Past performance of a BingX community member is not a reliable indicator of his future performance. Content on BingX's trading platform is generated by members of its community and does not contain advice or recommendations by or on behalf of BingX.