Bruna Scarlacca, an economist at Morgan Stanley, stated in a report that following the release of the November inflation data in the United Kingdom on Wednesday, the Bank of England may signal further interest rate cuts in Thursday’s rate decision. The monthly core inflation in the United Kingdom remained flat, below analysts' expectations, due to a slowdown in services inflation. The core inflation rate being below expectations may prompt the Bank of England to issue more signals of rate cuts in the coming months than the market anticipates. Data shows that the market expects the Bank of England to cut rates by 49 basis points by 2025. Scarlacca indicated that the next interest rate cut by the Bank of England is anticipated in February, totaling a reduction of 125 basis points next year.