Traders Ditch Bets on Second BOE Cut as Inflation Fears Spiral

Traders have priced out the probability of a second interest-rate cut from the Bank of England this year as the deepening conflict in the Middle East rekindles fears of inflation.

By Alice Gledhill · Bloomberg Markets

Traders have priced out the probability of a second interest-rate cut from the Bank of England this year as the deepening conflict in the Middle East rekindles fears of inflation.