Markets bet on Bank of England rate hikes as Middle East tensions rise

Investors increased their bets on ​the Bank of England ‌raising rates in the coming months as ​global markets responded ​to the latest increase in ⁠tensions in the ​Strait of Hormuz and ​as Prime Minister Keir Starmer was battling to stay ​in power. UK rate ​futures on Tuesday pointed to ‌around ⁠68 basis points of BoE […]