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BoE Governor Andrew Bailey told Reuters that investors were ahead of themselves in pricing UK rate hikes and that a precautionary rise may not fit his view of the bank's remit. Some MPC members had raised the possibility of an early move to head off inflation risks from the Iran war.
The interview accompanied the BoE's financial-sector risk report.
Signals that the BoE may not hike soon ease expectations for sterling strength and UK borrowing costs. The impact on feed markets is limited to currency and financing conditions.
reuters.comDavid MillikenApr 1, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
