TD Securities: Falling oil prices weaken expectations of interest rate hikes by the Bank of England

According to Pooja Kumra from TD Securities, the significant drop in oil prices has lowered investors' expectations for the Bank of England to raise interest rates in the coming months. According to data from the London Stock Exchange Group, the market is currently anticipating a cumulative 26 basis point rate hike by the Bank of England in 2026. After the peace agreement between the United States and Iran, Brent crude oil prices fell from around $95 per barrel a week ago to around $79.5 per barrel.