19 March 2026
Daily market update: Middle East tensions, oil, gold, Unilever, Kraft foodsThe Fed and Bank of England are in a state of limbo while they wait to see if the Middle East crisis will trigger a long-lasting inflation shock.
There was no change to US rates last night and the Bank of England may also sit on its hands today. There simply isn’t enough data to make an informed decision on whether to put up rates to deal with the...