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Why Bitcoin Traders Should Care About Double-Digit Inflation in UK

The Bank of England may raise interest rates more aggressively, which could result in a weaker dollar and higher prices in the U.S.

By Helene Braun
Updated May 11, 2023, 3:36 p.m. Published Aug 17, 2022, 5:39 p.m.
With U.K. inflation surging to 10.1% in July, the Bank of England is under pressure to further raise interest rates and possibly faster. (Robert Bye / Unsplash)
With U.K. inflation surging to 10.1% in July, the Bank of England is under pressure to further raise interest rates and possibly faster. (Robert Bye / Unsplash)