Explore

BoE hikes rate for first time in 3 years; retreating oil prices may allow for more options ahead

BoE hikes rate for first time in 3 years; retreating oil prices may allow for more options ahead

The Bank of England is raising interest rates for the first time in more than three years in an effort to tackle an inflation shock stoked by the Iran war

Bank of England raises main interest rate a quarter point to 4% as Iran war stokes inflation

Bank of England raises main interest rate a quarter point to 4% as Iran war stokes inflation

The Bank of England is raising interest rates for the first time in more than three years in an effort to tackle an inflation shock stoked by the Iran war

Bank of England raises rates for first time since 2023, warns more likely

Bank of England raises rates for first time since 2023, warns more likely

By David Milliken, Andy Bruce and Suban Abdulla LONDON, Nov 5 (Reuters) - The Bank of England raised interest rates for the first time in over three years on Thursday and warned that at least one more increase was likely if the US-Iran conflict continues, as it started on a path already begun by its

Oil rises as investors weigh uncertainties around Iran war

Oil rises as investors weigh uncertainties around Iran war

By Anna Hirtenstein LONDON, Nov 5 (Reuters) - Brent crude futures edged up on Thursday as investors weighed the future course of the US-Israeli war with Iran after President Donald Trump's Republican Party suffered heavy losses in midterm elections this week.

Bank of England raises rates for first time since 2023, warns another move likely

Bank of England raises rates for first time since 2023, warns another move likely

By David Milliken, Andy Bruce and Suban Abdulla LONDON, Nov 5 (Reuters) - The Bank of England raised interest rates for the first time in over three years on Thursday and warned that at least one more increase was likely if the US-Iran conflict continues, as it started on a path that its main peers

Morning Bid: Out of the blue

Morning Bid: Out of the blue

By Anna Szymanski Nov 6 (Reuters) - Markets had long been pricing in a "blue wave" in the United States midterm elections, but what they got was a deluge as Democrats regained control of the House and Senate in decisive fashion.

Bank of England raises rates for first time since 2023, says more may come

Bank of England raises rates for first time since 2023, says more may come

By David Milliken, Andy Bruce and Suban Abdulla LONDON, Nov 5 (Reuters) - The Bank of England raised interest rates for the first time in over three years on Thursday and warned that at least one more increase was likely if the US-Iran conflict continues, as it started on a path that its main peers

Iranian officials say midterm results show US voters have rejected Trump's war

Iranian officials say midterm results show US voters have rejected Trump's war

Iranian officials celebrated the rejection of the Republican Party and President Donald Trump by voters in the U.S. midterm elections

Brent oil price benchmark set for biggest weekly drop since 2020

Brent oil price benchmark set for biggest weekly drop since 2020

By Shadia Nasralla LONDON, Nov 6 (Reuters) - Oil prices were set for a sharp weekly fall after the election losses of US President Donald Trump's Republican Party raised hopes of a de-escalation in the US-Israeli war on Iran and a stock market sell-off, though attacks on vessels in the Middle East

Brent crude jumps, settles up over $3 after tanker attacks

Brent crude jumps, settles up over $3 after tanker attacks

By Siddharth Cavale NEW YORK, Nov 5 (Reuters) - Brent crude futures settled over $3 a barrel higher on Thursday as new attacks on tankers fed worries about oil supplies while investors reassessed the outlook for the US-Israeli war with Iran. Brent finished up $3.67, or 3.88% at $98.29 a barrel.

Iran's leaders say midterm results show US voters have rejected Trump's war

Iran's leaders say midterm results show US voters have rejected Trump's war

Iranian officials celebrated the rejection of the Republican Party and President Donald Trump by voters in the U.S. midterm elections

Bank of England poised to hike rates for first time in 3 years

Bank of England poised to hike rates for first time in 3 years

By David Milliken LONDON, Nov 5 (Reuters) - The Bank of England is widely expected to raise interest rates for the first time in three years on Thursday due to mounting inflation pressures from the US-Iran war, taking a path already embarked on by all its main peers.