[US-Iran Negotiations Heat Up, Bank of England Rate Hike Expectations Decline] Jin10 Data, May 7 – As the market anticipates a potential peace agreement between the United States and Iran, investors have lowered their expectations for rate hikes by the Bank of England. Reports indicate that US-Iran negotiations are still progressing and may lead to the reopening of the Strait of Hormuz. Influenced by this news, Brent crude oil prices fell by 3.5%. According to LSEG data, the market currently expects the Bank of England to cumulatively raise interest rates by 50 basis points by 2026, down from the 66 basis points priced in prior to this week's US-Iran negotiation news.