UK money markets now show an 82% chance of a 25 basis point rate cut in November, compared with a 92% chance earlier. The probability of a further 25 basis point cut in December is 48%, compared with a 6% chance earlier today.

The UK money markets now put the probability of a 25 basis point cut in November at 82 per cent, compared with 92 per cent previously. The probability of a further 25 basis point cut in December is 48 per cent, compared with 63 per cent earlier today.