Investors Raise BOE Rate Rise Expectations as Middle East War Escalates
Dow Jones
Jul 13
0812 GMT - Markets increase their bets of the Bank of England increasing interest rates in the coming months as the U.S.-Iran conflict intensifies. The U.S. attacked Iran's military targets over the weekend and Iran responded with strikes on ships passing through the Strait of Hormuz. The renewed attacks have caused oil prices to rise and brought back inflation fears. Investors currently price in a total of 34 basis points of BOE rate rises in 2026, seven basis points up from last week's expectations, LSEG data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
July 13, 2026 04:12 ET (08:12 GMT)
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