Home market UK Labor Market Data Affects Government Bond Prices and Raises Bank of England Rate Hike Predictions

UK Labor Market Data Affects Government Bond Prices and Raises Bank of England Rate Hike Predictions

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UK Labor Market Data Affects Government Bond Prices and Raises Bank of England Rate Hike Predictions

UK labor market data caused UK government bonds to drop to levels not seen since the global financial crisis, and traders are speculating that the Bank of England may need to increase rates up to 6% due to a higher than expected wage increase in April.