Bank of England major interest rate move | Gas prices surge 20% | Inflation to rise amid US-Iran war – Mar 19 2026

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19 March 2026 View in Browser

 

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Your Daily Money Briefing

 

The Bank of England has voted to keep the UK’s base rate at 3.75 per cent as the ongoing war between the US-Iran war causes an ‘uncertain global backdrop’ for the markets. Prior to President Donald Trump and Israel’s decision to launch military action against the Islamic Republic, markets had priced in at least two rate cuts from the central bank in 2026. What does this mean for you?

 

 

Inflation is projected to hit 3.5 per cent, up from two per cent, in the third quarter of 2026 due to the ‘conflict in the Middle East significantly shifts the outlook’ from the Bank of England. The central bank has revised its forecasts for the consumer price index (CPI) rate in response to the US-Iran war, with the UK energy market now in line for an ‘inflationary shock’. How will you be impacted?

 

 

 

Best wishes,

 

Patrick O’Donnell

City & Business Correspondent

 

 

Bank of England votes to keep base rate at 3.75% as US-Iran war causes 'uncertain global backdrop'

 

 

Economy

 

Bank of England votes to keep base rate at 3.75% as US-Iran war causes ‘uncertain global backdrop’

 

 

 

UK gas prices SURGE by more than 20% after Iran strikes cause 'extensive damage' to major energy hub

 

 

Cost of living

 

UK gas prices SURGE by more than 20% after Iran strikes cause ‘extensive damage’ to major energy hub

Warning inflation is set to rise as Bank of England signals 'Middle East conflict has shifted outlook'

 

 

US-Iran war

 

Warning inflation is set to rise as Bank of England signals ‘Middle East conflict has shifted outlook’

 

 

 

 

Contactless card £100 payment cap axed in major rule change - what does it mean for you?

 

 

Banking

 

Contactless card £100 payment cap axed in major rule change – what does it mean for you?

 

 

 

Unemployment rate stuck at 5.2% as wage growth plummets

 

 

Job market

 

Unemployment rate stuck at 5.2% as wage growth plummets

Businesses named and shamed for underpaying workers MILLIONS: From Costa to B&M - full list here

 

 

High street

 

Businesses named and shamed for underpaying workers MILLIONS: From Costa to B&M – full list here

 

 

 

 

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www.gbnews.com

You are receiving this email because you registered for the site and indicated interest in receiving regular updates.

This material may not be published, broadcast, rewritten, or redistributed. © 2026 GBNEWS.

In accordance with the 2018 Data Protection Act, GB News Limited is committed to protecting your privacy. If you wish to know more, please visit our privacy policy.

This email is from GB News Limited. The Point, 37 North Wharf Road, London W2 1AF.

 

 

Author: South London

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