Bank of England expected to leave interest rates as Middle East conflict drives up oil price – business live

Rolling coverage of the latest economic and financial newsOil is now up 1% today, following the news that Israel has attacked Iran’s Arak heavy water reactor.Brent crude has now risen to $77.46 per barrel.“The escalation in tensions over the last few days, in essence, has added to what has already been significant uncertainty in the region.“We’re being very careful with, for example, our shipping in the region, just to make sure that we do not take any unnecessary risks.”“The Strait of Hormuz is, at the end of the day, the artery through which the world’s energy flows, and if that artery is blocked, for whatever reason, it’ll have a huge impact on global trade.” Continue reading...

Comments

Business News

Google hits setback in bid to overturn multibillion EU antitrust fine in Android case

washington times

I have older parents and always worried they wouldn't be here for milestones. However, I've realized there are benefits to their age, too.

about 2 hours ago

insider

Air India says it's cutting international flights after deadly crash and Middle East conflict

about 2 hours ago

insider

Costco has 3 ways to shop without a membership, but the math still favors paying the fee

about 2 hours ago

insider

I quit my 6-figure consulting job for a low-wage position at a medical spa and cured my burnout. I needed to reflect on my workaholism.

about 2 hours ago

How business leaders like Jeff Bezos and Mark Cuban feel about work-life balance

insider

Parents SHOULD be fined for taking children on holiday during term time says LEE BOYCE - here's three ideas to help families have a cheaper break

about 4 hours ago

Why was I asked for ID to buy a Euromillions lottery ticket and what is the minimum age?

Dailymail

Comments

Similar News

Redemption Bank becomes the first Black-owned bank in the Rockies

Interest rates LIVE: Bank of England to make announcement at noon

Interest rates – live: Bank of England to make latest decision after inflation higher than expected

Bank of England ‘unlikely’ to cut interest rates as inflation pressure grows

Bank of England ‘unlikely’ to cut interest rates as inflation pressure grows

Some people with learning disabilities struggling to access banking – report

Bank of England expected to hold interest rates at 4.25%

Fears for baby bank's future after damp and mould

Bank of England ‘unlikely’ to cut interest rates as inflation pressure grows

UK inflation eases by less than anticipated ahead of Bank of England rate decision

Bank of England set to make major decision tomorrow as mortgage expert issues verdict

Lloyds Bank says 'we will notify you' over changes to mobile payment services

Santander approaches TSB-owner about high street banking merger

Will interest rates be cut tomorrow? The key factors for the Bank of England and 2025 predictions

'I paid for parking then got a message from bank to say it had been £4,586'

Inflation slows to 3.4% but no Bank of England rate cut expected

NatWest tipped to snap up rival TSB as Bidders also circle Metro Bank and Santander

National Housing Bank ‘will boost delivery of new homes’

Bank of Canada says recent rate hold was due to ‘unpredictable’ economy

The SIX bank accounts you should beware. They suck you in with great rates... but this small print could cost you: SYLVIA MORRIS reveals the worst offenders

Business News

Google hits setback in bid to overturn multibillion EU antitrust fine in Android case

Four million Brits to get £725 DWP boost - check if you’re eligible

WASPI campaign gets huge boost from major backer in new compensation campaign update

What the latest interest rates mean for your mortgage, savings and bills

How rising inflation impacts your mortgage and savings

Savers issued warning after Bank of England holds base rate

Hackers say they wiped out $90 million from Iran cryptocurrency exchange

Swiss cut key interest rate by a quarter percentage point, putting its target now at 0%

More UK households handed £150 payment from DWP after rule change

Economy is teetering on the brink – yet Bank of England STILL won’t slash interest rates

Thousands of Brits call for State Pension payments to be exempt from income tax

Single households over age of 25 to get £459 monthly cash boost from DWP

HMRC urges parents to check if they are 'missing out' on Child Benefit cash boost

Morrisons ‘bounces back’ from cyber attack despite pressure on shoppers

UK interest rates kept on hold with Bank alert to ‘highly unpredictable’ world

Revealed: The exact amount every generation needs to save for a comfortable retirement

HMRC reveals surge in corporation tax gap and small business non-compliance

Savers warned ‘loyalty does not pay’ as Bank of England base rate held at 4.25%

Bank of England holds rate but eyes cuts ahead despite global risks

'PIP changes mean severe consequences for people with these three conditions'

‘Divine’ sleep-inducing NEOM diffuser that ‘lasts for months’ cheapest here with 37% off

Warm Home Discount explained as 2.7million households set for £150 energy help

Kate Middleton-worn jewellery brand Monica Vinader slashes up to 60% off pieces

Thousands to be contacted by energy suppliers as nationwide shut-off delayed

'Lana Del Rey is touring - I'm hoping for a Glasto-style setlist without mic drama'

'I bought a Meaco air conditioner and it's saving me from the heatwave'

Bank of England confirms interest rates decision - what it means for your money

Hays shares plummet as hiring slowdown hammers recruiter's profits

Interest rates held at 4.25% but with three votes for a cut: What it means for your mortgage and savings

HMRC reveals surge in corporation tax gap and small business non-compliance

Morrisons ‘bounces back’ from cyber attack despite pressure on shoppers

BoE leaves interest rates on hold at 4.25%

I have older parents and always worried they wouldn't be here for milestones. However, I've realized there are benefits to their age, too.

Air India says it's cutting international flights after deadly crash and Middle East conflict

Costco has 3 ways to shop without a membership, but the math still favors paying the fee

I quit my 6-figure consulting job for a low-wage position at a medical spa and cured my burnout. I needed to reflect on my workaholism.

How business leaders like Jeff Bezos and Mark Cuban feel about work-life balance

I've collected and sold Nike sneakers for 20 years. Spotting fakes is harder than ever, but here's what I look for.

Trump's tariffs could sink my small business, but my lawsuit against these tariffs has been keeping me energized

I'm a travel advisor who's been to over 125 countries. This remote Asian destination is unlike anywhere else.

After flying with 40 different airlines, one consistently stands out as my favorite

Not all pro athletes get rich. We spoke with 4 who shared how they're securing their financial futures.

I'm a family-owned American manufacturer. Being made in the US hasn't been easy but it's paying off.

The Los Angeles Lakers will no longer be the Buss family business

UK's central bank set to keep interest rates on hold amid Middle East uncertainties

HMRC urges people earning less than £80,000 to claim £3,148 cash boost

Nationwide £100 payments 'bank statement' update for this group of customers

Protesters are chasing federal agents out of L.A. County hotels: 'A small victory'

Amazon tells 1.5m staff that AI will replace ‘some of their jobs’ — but won’t say how many

Deadly listeria outbreak linked to chicken alfredo fettucine sold at Kroger and Walmart

Primark's 'insane' £26 maxi dress is 'perfect for special occasions'

Argos launches huge sale to rival upcoming Prime Day deals on stylish 6-seater Rattan furniture set

Santander 'eyeing up takeover of rival UK bank' after major firm put up for sale

Karen Millen revives 'By Lydia' archive collection with 16 stunning dresses

Shoppers say discounted Philip Kingsley shampoo makes fine hair look fuller after two washes

Much loved Japanese car brand that disappeared five years ago could be making a dramatic comeback

Parents SHOULD be fined for taking children on holiday during term time says LEE BOYCE - here's three ideas to help families have a cheaper break