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Bank of England Governor Andrew Bailey told a House of Commons hearing on the 8th that inflation risks are skewed to the upside because of elevated energy prices, adding that ongoing conflict is driving both high price levels and significant energy price volatility that is spilling into financial markets. His remark that oil could move higher from here argues against fast repricing of BOE easing, keeping upward pressure on gilt yields and short-sterling rate expectations, a channel that tightens global real rates and caps high-beta assets including BTC and ETH. Watch UK CPI prints and Brent/WTI direction for confirmation: a renewed crude spike would harden the upside-inflation narrative, while easing energy prices would restore room for rate-cut pricing and risk appetite.
As a Macro signal, watch whether it changes price action, volatility, or flows around CL=F, BZ=F.
Original Source: 연합인포맥스
This page is market information analysis, not investment advice.
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