Geopolitical disruption in the Middle East is driving rate expectations higher, impacting UK building societies like Furness and Nationwide.

The entities involved

• Furness Building Society →

  UK business

  Nothing else this week.

• Nationwide Building Society →

  British mutual financial institution and the largest building society in the world

  • Nationwide Building Society conducted research into regional rent charges across East Midlands, Greater London, Yorkshire, and The Humber.Mon 07:55
  • The conflict involving Iran in the Middle East is causing disruptions that are driving up global energy costs and impacting the Federal Reserve's policies.Sun 12:55
• Middle East →

  geopolitical region encompassing Egypt and most of Western Asia, including Iran

  • A US Air Force base in Fairford, located near the Oxfordshire border, is being utilized due to actions in the Middle East.Mon 17:54
  • Authorities are investigating an incident at a base in Fairford, with possible links to Iran and Russia.Mon 17:54

Related events

• Tensions in the Middle East are cited as a factor contributing to a slowdown in the construction sector.Sep 7
• Geopolitical risk stemming from Middle East tensions is driving market volatility and influencing expectations for FED rate hikes.Jun 12
• Geopolitical events and conflict are driving up material costs and impacting housing production targets in England.Aug 18
• Geopolitical tensions in the Middle East are easing.Jun 15
• Geopolitical conflicts are causing supply chain disruptions involving Eastern Europe and the Middle East.Jul 6