The Bank of England is expected to hold rates steady but will send hawkish signals: August inflation was 3.1%, higher than expected, and the market is betting on a rate hike in November.
The situation in the Middle East has driven up energy prices, increasing inflationary pressures in the UK and putting pressure on the Bank of England to tighten monetary policy again.
According to Bloomberg, the market widely expects the Bank of England's Monetary Policy Committee (MPC) to keep the