Oil's retreat, amid resumption of talks aimed at resolving the Middle East conflict, has reduced investor expectations for Bank of England rate hikes in the coming months. LSEG data show markets now price a cumulative 35bps of increases to the UK pol

2026-07-28

Oil's retreat, amid resumption of talks aimed at resolving the Middle East conflict, has reduced investor expectations for Bank of England rate hikes in the coming months. LSEG data show markets now price a cumulative 35bps of increases to the UK policy rate in 2026, 12bps lower than a week earlier.