Oil prices surpass $90, fueling inflation concerns as markets increase bets on Bank of England rate hikes
智通财经2026/07/20 08:11Show original
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- Influenced by the escalation of hostile actions between the US and Iran over the weekend, Brent crude prices rose above $90 per barrel, intensifying market concerns about the inflation outlook.
- Against this backdrop, traders have increased their bets on the Bank of England raising interest rates in the coming months.
- The market currently expects a cumulative increase of 42 basis points in the UK's benchmark interest rate by 2026, which is 4 basis points higher than the expectation last Friday.
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