Bank of England: One more hike before late-2026 cuts – ABN AMRO

ABN AMRO highlights a more dovish tone from the MPC after its earlier hawkish stance in March. The bank still expects an insurance rate hike over summer, albeit with less conviction, before a return to a wait-and-see approach as energy supplies normalise in Q3.
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Oil: Supply risks and underinvestment reshape outlook – BNY

BNY’s Bob Savage reports that renewed Iran–US tensions and evidence of tight US inventories are supporting Oil, with satellite data showing most Strait of Hormuz export facilities closed.
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