XTB analyst Kathleen Brooks said a US‑Iran peace agreement to end the Middle
East conflict and reopen the Strait of Hormuz would pressure oil prices lower
and ease inflation risks. The development arrives ahead of the Bank of England's
rate decision; investors broadly expect the policy rate to remain at 3.75%.
Markets will watch voting splits and BoE communication for signals on future
moves. London Stock Exchange data shows markets have fully priced a 25bp hike in
December.
