0942 GMT - Markets are pricing in a higher possibility of the Bank of England increasing interest rates in the coming months following fresh tensions between the U.S. and Iran. The U.S. launched airstrikes on Iran on Wednesday night while Iran attacked ships transiting the Strait of Hormuz. Investors are worried about the Middle East conflict possibly causing oil supply disruptions and creating inflationary pressures. Markets currently price in a total of 31 basis points of BOE rate rises in 2026, up from 23bps priced in early Wednesday prior to U.S. President Trump's announcement that the ceasefire with Iran was over, LSEG data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
July 09, 2026 05:42 ET (09:42 GMT)
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