The money market has cut bets on further interest rate hikes by the Bank of England, and the possibility of raising interest rates by 25 basis points before the end of the year is no longer 100%. On Tuesday, the market's interest rate hike expectations for the December meeting of the Bank of England's Monetary Policy Committee fell 4 basis points to 24.7 basis points. Earlier, the market anticipated that the US and Iran might reach an agreement to push oil prices and British Treasury yields down.

The money market has cut bets on further interest rate hikes by the Bank of England, and the possibility of raising interest rates by 25 basis points before the end of the year is no longer 100%. On Tuesday, the market's interest rate hike expectations for the December meeting of the Bank of England's Monetary Policy Committee fell 4 basis points to 24.7 basis points. Earlier, the market anticipated that the US and Iran might reach an agreement to push oil prices and British Treasury yields down.