Bank of England holds rates at three-point-seven-five percent in split vote amid Middle East turmoil

The Bank of England kept its benchmark rate at three-point-seven-five percent with an eight-to-one committee vote, monitoring Iran war fallout closely. Markets are pricing in a rate rise by end-July and another by year-end. Sterling and UK equities may see volatility as policymakers balance inflation concerns with geopolitical uncertainty and slowing growth.