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Story summary
- The Bank of England faces pressure to raise interest rates amid an energy price shock from the Iran war.
- Goldman Sachs expects the Monetary Policy Committee to lift the Bank Rate to 4 percent in November.
- Gilt yields imply investors anticipate up to four BoE rate hikes within the next year.
- Berenberg senior UK economist Andrew Wishart warned the Bank must raise rates by 0.25 percent or lose credibility.