[Bank of America: Investors Increase Bets on Bank of England Rate Hikes Due to UK's Sensitivity to Oil Prices] Jin10 News, July 10 – Following the rise in oil prices caused by a new round of tensions between the U.S. and Iran, investors this week have raised their expectations for the Bank of England to hike interest rates in 2026. Bank of America strategists stated in a report that the UK remains highly sensitive to global oil price shocks, prompting investors to reassess their rate expectations. According to data from the London Stock Exchange Group, the market currently reflects expectations for a total of 27 basis points of rate hikes by the Bank of England this year, up from the 20 basis points anticipated a week ago.