Investors Raise Bets on BOE Rate Rises as Oil Prices Climb
Dow Jones08-14
0839 GMT - Markets increase their expectations of the Bank of England raising interest rates in 2026 due to inflation concerns as oil prices advance. The price of Brent crude rises 1.7% to $88.5 a barrel after the U.S. on Thursday threatened that it could maintain its blockade of Iranian ports indefinitely. As the U.K. is a net importer of oil its economy is sensitive to oil-price movements. Investors currently price in a total of 27 basis points of BOE rate hikes by year end, up 2 basis points from Thurday's pricing, LSEG data show.
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