Geopolitics Alpha

Bank of England set for first rate hike as energy shock worsens

Published . Updated .

Key takeaways

  • Exposed: EWU, BWX, EFA, HSBC, LIN
  • Market reaction: EWU −1.0% on the day (still updating); BWX −0.2% on the day (still updating); ARM +3.8% on the day (still updating)

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GEOPOLITICS ALPHABank of England set for first ratehike as energy shock worsensGEOPOLITICS ALPHA

This report is about the UK.

Directly affected

  • No company is named in this report.

Indirectly affected

  • EWU iShares MSCI United Kingdom ETF-2.0% 30d

    iShares MSCI United Kingdom ETF holds stocks listed in the UK, which this story is about (“england”).

  • BWX SPDR Bloomberg International Treasury Bond ETF

    SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in the UK

  • EFA iShares MSCI EAFE ETF-1.8% 10d

    iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes the UK

  • HSBC HSBC Holdings-7.7% 17d

    HSBC Holdings (savings institution, federally chartered) is one of the largest the UK-based companies traded in the US, so news about the UK (“england”) reaches its shares.

  • LIN Linde+12.3% 30d

    Linde (industrial inorganic chemicals) is one of the largest the UK-based companies traded in the US, so news about the UK (“england”) reaches its shares.

  • ARM Arm Holdings-7.7% 30d

    Arm Holdings (semiconductors and related devices) is one of the largest the UK-based companies traded in the US, so news about the UK (“england”) reaches its shares.

  • RIO Rio Tinto Group

    Rio Tinto Group (metal mining) is one of the largest the UK-based companies traded in the US, so news about the UK (“england”) reaches its shares.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
EWU-1.83%-0.75%base-1.04%after closeafter closeafter close
BWX-0.05%-0.07%base-0.16%after closeafter closeafter close
EFA-0.13%+0.62%base-0.21%after closeafter closeafter close
HSBC+0.10%+0.79%base-1.11%after closeafter closeafter close
LIN-2.14%-3.15%base-0.86%after closeafter closeafter close
ARM+15.23%+16.37%base+3.79%after closeafter closeafter close
RIO+3.67%+0.68%base-1.00%after closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Bank of England set for first rate hike as energy shock worsens ing think

Source: ing think

The price since 3 Nov 2026: Ishares Tr (EWU) versus the S&P 500

CompanyWhenMoveStatus
Arm Holdings (ARM)that day+3.79%still updating
Arm Holdings (ARM)three days earlier+16.37%final price
Arm Holdings (ARM)five days earlier+15.23%final price
Spdr Series Trust (BWX)that day-0.16%still updating
Spdr Series Trust (BWX)three days earlier-0.07%final price
Spdr Series Trust (BWX)five days earlier-0.05%final price
Ishares Tr (EFA)that day-0.21%still updating
Ishares Tr (EFA)three days earlier+0.62%final price
Ishares Tr (EFA)five days earlier-0.13%final price
Ishares Tr (EWU)that day-1.04%still updating
Ishares Tr (EWU)three days earlier-0.75%final price
Ishares Tr (EWU)five days earlier-1.83%final price
Hsbc Holdings (HSBC)that day-1.11%still updating
Hsbc Holdings (HSBC)three days earlier+0.79%final price
Hsbc Holdings (HSBC)five days earlier+0.10%final price
Linde (LIN)that day-0.86%still updating
Linde (LIN)three days earlier-3.15%final price
Linde (LIN)five days earlier-2.14%final price
Rio Tinto (RIO)that day-1.00%still updating
Rio Tinto (RIO)three days earlier+0.68%final price
Rio Tinto (RIO)five days earlier+3.67%final price

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Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who gains and who loses around Ishares Tr (EWU)

Companies mentioned with this story

  • EWU Ishares Tr

    For “Bank of England set for first rate hike as energy shock worsens,” Ishares Tr (EWU) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI United Kingdom ETF holds stocks listed in the UK, which this story is about (“england”)

  • BWX Spdr Series Trust

    Spdr Series Trust (BWX) is linked, with no stored direction, medium confidence in the 3 Nov 2026 story “Bank of England set for first rate hike as energy shock worsens.” Reason on file: SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in the UK

  • EFA Ishares Tr

    In “Bank of England set for first rate hike as energy shock worsens,” Ishares Tr (EFA) is linked, with no stored direction, medium confidence. Reason on file: iShares MSCI EAFE ETF is a broad fund of developed-market stocks that includes the UK

  • HSBC Hsbc Holdings

    In “Bank of England set for first rate hike as energy shock worsens,” Hsbc Holdings (HSBC) is linked, with no stored direction, medium confidence. Reason on file: HSBC Holdings (savings institution, federally chartered) is one of the largest the UK-based companies traded in the US, so news about the UK (“england”) reaches its shares

  • LIN Linde

    In “Bank of England set for first rate hike as energy shock worsens,” Linde (LIN) is linked, with no stored direction, medium confidence. Reason on file: Linde (industrial inorganic chemicals) is one of the largest the UK-based companies traded in the US, so news about the UK (“england”) reaches its shares

  • ARM Arm Holdings

    In “Bank of England set for first rate hike as energy shock worsens,” Arm Holdings (ARM) is linked, with no stored direction, medium confidence. Reason on file: Arm Holdings (semiconductors and related devices) is one of the largest the UK-based companies traded in the US, so news about the UK (“england”) reaches its shares

  • RIO Rio Tinto

    For “Bank of England set for first rate hike as energy shock worsens,” Rio Tinto (RIO) is linked, with no stored direction, medium confidence. Reason on file: Rio Tinto Group (metal mining) is one of the largest the UK-based companies traded in the US, so news about the UK (“england”) reaches its shares

Ishares Tr (EWU)

“Bank of England set for first rate hike as energy shock worsens” (3 Nov 2026) reaches Ishares Tr (EWU) through this story.

Ishares Tr (EWU) is on the page because iShares MSCI United Kingdom ETF holds stocks listed in the UK, which this story is about (“england”)

Also listed, Spdr Series Trust (BWX): SPDR Bloomberg International Treasury Bond ETF holds government bonds outside the US, which react to inflation and interest-rate news like this one in the UK

Price levels for Ishares Tr (EWU)

EFA traded between 102.00 and 104.68 across 6 sessions. The latest close on file is 103.46. EWU traded between 45.65 and 47.88 across 17 sessions. The latest close on file is 46.84.

How strong the case is around Ishares Tr (EWU)

46 out of 100Price not final

“Bank of England set for first rate hike as energy shock worsens” scores 46 out of 100. The score uses 1 sources, and 7 linked companies. The price is not final yet.