Middle East Tensions Shake Global Markets | Bermuda News

Tensions between the U.S. and Iran are spiking, triggering global market jitters as the most intense exchange of fire in weeks rattles investors. Meanwhile, the pound plummets to a three-week low against a surging dollar, while UK government bond yields soar to an 18-year high — putting immense pressure on Finance Minister’s upcoming budget, which promises to honor inherited borrowing rules despite looming tax hikes. Compounding the strain, the Bank of England holds rates steady at 3.75% but may raise them by quarter-point later this year, as economists balance inflation, household sentiment, and labor market data amid mounting uncertainty. Listen in comfort:Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/7654ada1309471d1