[As Oil Prices Surge, Investors Increase Bets on Bank of England Rate Hikes] Jin10 News, July 23 – Due to rising oil prices and concerns over inflation, the market has raised its expectations for the Bank of England to hike interest rates in 2026. Escalating conflicts in the Middle East have led investors to anticipate that inflation may remain elevated, prompting the central bank to raise rates to address inflationary pressures. Currently, the market fully expects the Bank of England to raise rates by 25 basis points in November, with a 93% probability of another hike in December. Last week, the market projected a total rate hike of 38 basis points by the Bank of England in 2026.