LONDON, March 31 (Reuters) - Investors increased their bets on further interest rate cuts by the Bank of England this year after U.S. President Donald Trump said his import tariffs would apply widely, heightening worries about a trade war and a global economic slowdown.
Interest rate futures were pricing about 55 basis points of reductions to the BoE's Bank Rate by December - equivalent to over two quarter-point rate cuts - at 0740 GMT on Monday, up from around 48 bps of cuts on Friday.