Oil Price Whiplash and Welfare Cuts: UK Households Face Double Squeeze

$90.58 — Brent crude slipped on Monday after Trump paused Iran strikes, but last week's surge to $100 has already stamped inflation expectations and put the Bank of England on high alert.

Money Moves

• Bank of England to hold at 3.75% on Thursday — MPC widely expected to keep rates unchanged in a split vote, with two hawks likely backing a hike.
• Oil surge could force rate hike later this year — Deutsche Bank's Sanjay Raja warns of "upside risks" if...