FTSE 100 Drops Amid Inflation Warnings from BoE Chief
The FTSE 100 slipped by 0.1% on Tuesday as Bank of England Governor Andrew Bailey flagged inflation risks amid elevated energy prices.
Bailey said the market curve, which is currently pricing in three BoE interest rate hikes over the next 12 months, looks fair given global inflationary risks are tilted to the upside.
The governor also warned that energy prices could rise further due to the US-Iran war and the ongoing Russia-Ukraine conflict.