Money Markets Put 80% Odds on BoE August Rate Cut

Money-market pricing on 19 June indicates traders now assign an 80% probability that the Bank of England will cut interest rates at its August meeting. The shift marks a notable increase in expectations compared with earlier in the week. Futures also reflect bets on a total of 50 basis points of additional easing by the BoE before the end of 2025, suggesting confidence that policymakers will move beyond a single reduction as inflation pressures continue to recede.