0802 GMT - Investors slightly cut back expectations of the Bank of England increasing interest rates in 2026 as oil prices retreat. Talks between Iran and Oman about reopening the Strait of Hormuz have helped oil prices to drop, calming inflation fears. The price of Brent crude falls 2.9% to $86.03. Markets current price in a total of 23 basis points of BOE rate rises by year end, down 2 basis points from Tuesday's pricing, LSEG data show.
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