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Bank of England chief economist Huw Pill said markets are pricing in three further rate increases after the Bank raised its base rate to 4%. He said the energy shock is smaller than in 2022, while Governor Andrew Bailey said further hikes are not inevitable and will depend on whether energy costs feed through to wages and prices.
Expectations of further rate increases may support sterling and tighten financing conditions, with indirect effects on feed demand and input costs. The outlook remains tied to energy prices and evidence of second-round inflation effects.
thesun.co.ukNov 7, 2026Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
