Bank of England’s interest rate hikes are starting to hurt the economy: Treasury yields may fall

In the Asian session on Friday (April 7), the latest price of GBP/USD was 1.2437, and the opening price was 1.2439. Daniela Russell, head of UK rates strategy at HSBC, said gilt yields were likely to fall in the coming months as the Bank of England rate hikes began to hurt the UK economy.