Institution: Bank of England interest rate cut possibility increases due to economic slowdown.

Daniela Hathorn of Capital.com stated in a report that UK GDP data for September was weaker than expected, increasing the likelihood of a rate cut by the Bank of England in December. The UK GDP for September contracted by 0.1% compared to the previous month, lower than the economists' average expectation of 0.1% growth. Hathorn said, "Slowing economic growth has raised questions about the momentum of growth: is the country's economy stuck in a low-growth trap, and can it recover without aggressive easing policies?" Data from the London Stock Exchange Group showed that after the release of this data, the market's expectation for a rate cut by the Bank of England in December is at 82%, higher than Monday's 57%.