Will the Fed Be Raising Interest Rates to Combat Inflation?

If you buy US bonds, that's considered risk free. UK guilds are also seen as a risk free rate of return. But people want people say, well, I don't want yours if I can have those ones from the US that pay me a higher rate of interest. And that in turn drives up our borrowing costs, which in turn pushes down the pound,. In turn leads potentially to the Bank of England having to hike interest rates by even more.