JPMorgan expects the BoE to hike once in 2026, a call made following remarks from BoE's Bailey

JPMorgan's forecast for a Bank of England rate hike in 2026 reflects a notably dovish outlook compared to market expectations. This could signal a prolonged period of low rates, impacting GBP and gilt performance, as well as shaping investor sentiment about UK economic growth in the near term. The timing of potential hikes suggests a cautious approach by the BoE amidst prevailing economic uncertainties.