empty
 
 

2026.03.1908:17:40UTC+00UK Gilt Yields Jump as Energy Surge Fuels Inflation Fears

The UK 10-year gilt yield rose to 4.77%, nearing last week’s six-month high, as surging energy prices stoked inflation concerns ahead of the Bank of England’s interest rate decision. A 25% spike in European gas prices, driven by attacks on Qatar’s LNG facilities, alongside Brent crude trading at $114 per barrel, has increased pressure on the UK economy. Although the BoE is widely expected to keep rates on hold today, markets have turned more hawkish, with 32 basis points of additional tightening priced in by year-end—slightly more than a quarter-point hike. Traders now assign better than even odds to a rate increase in June, with a full hike fully priced in by September. At the same time, UK labour market data revealed slower wage growth and an unemployment rate steady at 5.2%, with both figures falling short of expectations.

  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS


Can't speak right now?
Ask your question in the chat.
Widget callback