Traders Reduce BOE Rate Rise Expectations as Oil Prices Fall -- Market Talk
Dow Jones2026/08/03 12:091209 GMT - Investors lower their expectations of the Bank of England increasing interest rates in the coming months as oil prices fall due to easing tensions in the Middle East. The U.S. announced plans to hold talks with Iran on Monday, raising prospects of a potential resolution to the Middle East conflict and the possible reopening of the Strait of Hormuz. Markets currently price in a total of 26 basis points of BOE rate rises in 2026, down from 30 basis points priced in last week, LSEG data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
August 03, 2026 08:09 ET (12:09 GMT)
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