Investors Raise Bets on BOE Rate Hike Due to U.k.'s Sensitivity to Oil Prices
Dow Jones07-10 21:50
1350 GMT - Investors this week raised their expectations of the Bank of England increasing interest rates in 2026 after oil prices rose following fresh U.S.-Iran tensions. The U.K. remains highly sensitive to global oil price shocks, which led investors to reprice rate expectations, Bank of America strategists say in a note. Markets currently price a total of 27 basis points of BOE interest-rate rises this year, up from 20bps of BOE rate hikes priced in a week ago, LSEG data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
July 10, 2026 09:50 ET (13:50 GMT)
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