Forecasts for UK GDP had pencilled in 0.2% monthly growth.

Surging oil and gas prices are forcing investors to rethink the outlook for eurozone inflation and European Central Bank policy.

Lenders withdraw hundreds of deals ahead of the March Bank of England meeting.

Bond managers say the selloff could create opportunities for investors, with two- and 10-year gilt yields near six-month highs.

The worst-case scenario for the European economy is a combination of inflation and stagnation, with the ECB potentially raising rates multiple times in 2026.

Oil prices spiked before slightly paring gains, as odds of a quick return to normality fade away.

Wrapping up our coverage of the markets and the week.

Economists have updated their models to factor in the Middle East conflict.

US stocks outperform with energy-driven inflation risk in focus.

Rising oil prices and surging UK bond yields have cast doubt on a Bank of England rate cut in March, though fund managers say inflation risks remain manageable.