Investors Price in November BOE Rate Rise as U.K. GDP Edges Up
Dow Jones
Jul 16
1024 GMT - Investors are betting on the Bank of England increasing interest rates in November as the U.K. economy shows resilience. The U.K. monthly GDP rose by 0.1% in May, up from a 0.1% contraction in April."The U.K. economy weathered the rise in energy prices and mortgage rates caused by the Iran war better than we had feared," Berenberg's Andrew Wishart says in a note. The Middle East conflict and inflation concerns are also driving expectations of the BOE raising interest rates. Markets price in a total of 38 basis points of BOE interest rate rises in 2026, with the first quarter-point increase fully priced in for November, LSEG data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
July 16, 2026 06:24 ET (10:24 GMT)
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