Market players are scaling back their expectations for Bank of England rate cuts heading into next year. The latest trader positioning suggests approximately 39 basis points of easing is now being priced in for 2026—a notably more cautious stance than earlier forecasts. This recalibration reflects growing uncertainty around UK inflation trajectories and the central bank's inflation-fighting resolve. For crypto traders and investors, shifts in major central bank policy carry ripple effects across risk assets. When rate-cut expectations tighten, it typically means longer periods of elevated borrowing costs, which can influence capital flow dynamics and overall market appetite for alternative assets like cryptocurrencies. Keeping tabs on BOE signals helps traders navigate the broader macro environment that shapes crypto volatility.