Markets Increase BOE Rate-rise Bets as Middle East Conflict Returns
Dow Jones
Jul 08
0818 GMT - Investors raise their expectations of the Bank of England increasing interest rates in the coming months given renewed tensions between the U.S. and Iran. The fresh conflict has led oil prices to rise and revived inflation concerns, raising the possibility of the BOE increasing interest rates in 2026. Investors price in a 96% chance of a BOE rate hike in December following the new tensions, up from an 80% chance priced in last week, LSEG data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
July 08, 2026 04:18 ET (08:18 GMT)
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