TD Securities: Falling oil prices weaken Bank of England rate hike expectations
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According to Pooja Kumra from TD Securities, the sharp decline in oil prices has reduced investors' expectations for interest rate hikes by the Bank of England in the coming months. Data from the London Stock Exchange Group shows that the market is currently pricing in a total of 26 basis points of rate hikes by the Bank of England by 2026. After the United States reached a peace agreement with Iran, Brent crude prices fell from about $95 per barrel a week ago to around $79.5.
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