1029 GMT - The Bank of England is expected to cut interest rates by 25 basis points during the policy rate decision due at 1102 GMT and is likely to keep options open for further cuts in 2025, London Capital Group's Matt Basi says in a note. Increased uncertainty around geopolitics and macroeconomic data are likely to raise the possibility of further BOE interest-rate cuts in the coming months, Basi says. Markets price in a total of 95 basis points of BOE interest rate cuts by the end of 2025, LSEG data show. (miriam.mukuru@wsj.com)
(END) Dow Jones Newswires
May 08, 2025 06:29 ET (10:29 GMT)
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