Politics has been a major focus over the course of this week, from an election result in Asia and the easing of geopolitical tensions, to news that President Donald Trump would be pulling the U.S. out of the Iran nuclear accord.

After the news broke about the U.S. exiting the Iran deal on Tuesday, oil prices have been on the rise and continued to extend gains on Thursday. the Bank of England (BOE) is expected to issue its latest interest rate decision and publish its inflation report. During Thursday's meeting, the BOE's Monetary Policy Committee is projected to hold fire on changing its interest rate strategy, despite analysts previously expecting a different outcome in recent weeks.

Source from CNBC news