Investors Raise Expectations of BOE Rate Hikes Due to High Energy Prices
Dow Jones
Yesterday
1120 GMT - Markets increase their expectations of the Bank of England increasing interest rates in the coming months as oil prices surge. Brent crude oil last trades at $94.32 a barrel, notably higher than last week's levels, after the U.S. and Iran resumed hostilities over the weekend. Investors currently fully price in two quarter-point BOE rate rises by February 2027, and a potential third one by June, LSEG data show. Last week, markets were only fully pricing two BOE rate hikes by the end of 2027.
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