According to CoinMeta, as market expectations for the Bank of England's interest rate hikes in the coming months have risen, yields on UK government bonds have climbed to multi-year highs, and the pound has also strengthened accordingly. Data from the London Stock Exchange Group (LSEG) shows that rising oil prices are exacerbating inflation concerns, prompting investors to factor in expectations of four interest rate hikes by the Bank of England by July 2027. The yield on UK 10-year government bonds reached 5.509%, the highest level since 2007, and the yield on 30-year government bonds rose to 6% for the first time since 1998. The euro fell to a seven-week low against the pound.