Traders Boost BOE and ECB Rate-Hike Bets After Oil Price Surge


For the first time in a month, traders are fully pricing a quarter-point BOE hike by September, followed by another before year-end, after escalating US-Iran tensions saw Brent crude prices jump above $86 a barrel. Money markets also expect the ECB to raise rates by 25 basis points in September with another hike by year-end all but certain. 



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