Markets Bet on Four BOE Rate Increases by April 2027
Dow Jones
Yesterday
1517 GMT - Investors have sharply raised their expectations of Bank of England interest-rate increases over the coming months after Brent crude advanced above $109 a barrel. Markets see a 47% probability of a BOE rate rise at Thursday's policy decision, and fully price in two rate rises by year-end, LSEG data show. Traders are fully pricing in four BOE rate increases by April 2027, a notable increase from the two priced in a week ago, according to LSEG data. As a result, U.K. 2-year gilt yields have surged to 4.979%, their highest since 2023, the LSEG data show.
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