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Investors Raise Bets on Bank of England Rate Hikes to 27 Basis Points as Oil Prices Rise

2026-07-10 14:03:05

BAC0.91%

According to Jin10, on July 10, investors raised expectations for the Bank of England to hike rates by a total of 27 basis points in 2026, up from 20 basis points anticipated a week earlier. Bank of America strategists noted that the UK remains highly sensitive to global oil price shocks, following renewed tensions between the U.S. and Iran that drove crude higher this week. London Stock Exchange Group data reflects the shift in rate-hike pricing.

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