The news of the US Iran negotiations affects the expectation of interest rate hikes by the Bank of England and oil prices

The market expects that the United States and Iran may reach a peace agreement, and investors have lowered their expectations for the Bank of England to raise interest rates by a cumulative 50 basis points until 2026, lower than the 66 basis points before the negotiation news. Brent crude oil prices fell 3.5% due to news.