Traders weigh prospects for another jumbo UK rate hike as wages rise

Analysts at firms including Saxo Bank and TD Securities said central bank policymakers could boost the size of next month’s interest-rate increase to 50 basis points, or half a point.

Traders are once again entertaining the prospect of an outsized interest-rate hike in Britain, setting its battered bond market up for further losses.

Analysts at firms including Saxo Bank and TD Securities said central bank policymakers could boost the size of next month’s interest-rate increase to 50 basis points, or half a point, after data showed wages grew at the fastest pace on record.