In this Market Commentary, we explore how the escalation of conflict in the Middle East has begun to weigh on the UK economy, disrupting growth expectations, increasing uncertainty, and placing pressure on global markets. We also cover the Bank of England’s decision to hold interest rates amid rising inflation risks, a slowdown in business activity, weakening consumer confidence, and easing wage growth. Finally, we look at the sharp movements across global markets, including surging oil prices and widespread equity declines. Stay informed with the latest developments.
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