Sterling edged up to $1.325 but remained near a three-month low as investors assessed hawkish comments from Bank of England Governor Andrew Bailey and Monetary Policy Committee members Sarah Breeden and Clare Lombardelli. Bailey said sustained high energy prices would make it harder to maintain rates at 3.75%, while Breeden and Lombardelli moved closer to backing an increase. UK 10-year gilt yields rose to 5.4%, near a two-decade high, and market pricing now indicates an 80.5% probability of a 25-basis-point Bank of England rate increase. Federal Reserve official Beth Hammack separately said persistent high inflation complicates economic planning, reinforcing market focus on central-bank policy. In private equity, Apax Partners is reportedly planning to buy Warburg Pincus's stake in Dutch telecom company Odido, formerly T-Mobile Netherlands.