The UK government paid 5.82% for 30-year bonds amid inflation fears driven by rising oil prices, with Brent crude trading near $97/barrel due to Middle East tensions.
The pound traded mixed against the euro and dollar ahead of the Bank of England's rate decision, as Middle East tensions pushed Brent crude to $92, raising energy cost and inflation concerns.
UK household inflation expectations fell to 3.4% in July despite volatile oil prices, easing concerns ahead of the Bank of England's rate decision. Citi data shows long-term expectations cooled even a
US and Iran exchanged retaliatory strikes targeting military and energy infrastructure, causing Kuwait Petroleum losses and pushing Brent crude up 4.6% to $88 per barrel amid escalating Middle East te
Oil and gas prices jumped following US military strikes on Iran, with Brent crude rising over 4% before settling after Trump proposed a transit fee. Inflation fears from higher energy costs increased
Amidst stalled Iran peace talks and renewed hostilities, Brent crude oil prices surged to a week-high, increasing energy costs for import-reliant economies like Britain. Consequently, investors adjust
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