Bank of England hawks gain ground as inflation heads above 4% and a November hike nears

Bank of England officials are sounding the most hawkish they have since 2023 as rising energy costs push inflation above 4%, with a November rate hike now looking likely. Higher UK rates would tighten liquidity and strengthen sterling, both of which typically weigh on risk assets including crypto. Traders should watch the November meeting and UK inflation prints as macro catalysts for BTC and broader digital-asset sentiment.