Expectation increases of UK interest rate cut

UK - The odds against a cut in interest rates before the end of the year have shortened sharply after it emerged that three members of the Bank of England's monetary policy committee voted for a cut earlier this month.

Stephen Nickell, one of the dissenters on the nine-member committee, said falling stock markets and a worsening global economic outlook had persuaded him that rates should be cut at once. Kate Barker and Christopher Allsopp, also external MPC appointments, voted for a cut of a p