
UK interest rate cuts unlikely this year amid Iran war – and a rise could be ahead
Markets predict Bank of England will hold rates in 2026 as bond yields soar on forecasts of prolonged conflict Iran war drives oil prices above $100 a barrel Business live – latest updates UK interest rates are not expected to be cut this year and could even rise next summer, according to financial markets, in a dramatic reversal of forecasts before the US-Israel war on Iran. Markets data on Monday showed that investors predict the Bank of England will most likely keep its base rate on hold a














