Investors Raise BOE Rate Rise Expectations as Oil Prices Ascend
Dow Jones
Jul 20
0754 GMT - Markets raise their bets on the prospects of the Bank of England increasing interest rates in the coming months due to rising oil prices. Escalating hostilities between the U.S. and Iran over the weekend earlier caused the price of Brent crude to rise above $90 per barrel, increasing concerns about prospects of higher inflation. Markets price in a total of 42 basis points of BOE rate increases in 2026, 4 basis points higher than Friday's pricing, LSEG data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
July 20, 2026 03:54 ET (07:54 GMT)
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