Oil prices at four-year high; Bank of England expected to hold interest rates at noon – business live

Brent crude falls 1.2% after rising to $126.41 a barrel, highest since March 2022 on report US is considering military options against IranThe eurozone grew by 0.1% in the first quarter, while inflation jumped to 3% in April driven by a near-11% surge in energy prices.The EU also expanded by 0.1% between January and March, according to a flash estimate published by Eurostat, the statistical office of the European Union. In the fourth quarter of 2025, GDP increased by 0.2% in both areas.It will be interesting to see if the official trade data confirm the resilience of exporters in coming months.The outlook for the export sector is very important for China’s economy, as domestic demand has been weak. Continue reading...