What inflation, jobs and Iran war peace deal means for UK interest rates today (opens original article in a new tab)

The UK's Bank of England is expected to hold interest rates amid a peace deal in Iran, lower oil prices, and mixed economic data, providing some relief to mortgage borrowers but with cautious outlook.

• Iran war peace deal reduces uncertainty, leading to potential hold on UK interest rates.
• Oil prices dropped following the deal, affecting energy and commodity costs.
• Mortgage rates may see gradual reductions but not immediate changes.