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Story summary
- UK interest rates are expected to stay at 3.75% for 2026, with a possible rise to 4% next summer.
- Markets put a 99% chance that the Bank of England will not cut rates at the March 19 meeting.
- The US-Israel war on Iran has disrupted oil supplies, pushing Brent crude to $120 per barrel.
- The pound fell 0.81% against the dollar as UK government bonds and stocks declined.
