Bank of England is expected to cut rates by a cumulative 56 basis points by 2025

According to Jinshi data reports, the UK January GDP data was below expectations, and the swap market predicts that by December 2025, the Bank of England will have cut interest rates by a cumulative 56 basis points, up from the previous expectation of a 54 basis points cut.

The Bank of England will announce its interest rate decision next Thursday.