REFILE-Investors bet more heavily on UK rate cuts over trade war fears

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LONDON, April 7 (Reuters) - Investors ramped up their bets on the Bank of England cutting interest rates on Monday after U.S. President Donald Trump said he would not dilute his sweeping import tariffs for trade partners around the world.

Interest rate futures pointed to about 85 basis points of reductions to the BoE's benchmark Bank Rate by December - more than fully pricing in three quarter-point rate cuts - compared with around 72 bps on Friday.

A first rate cut by the BoE at its next meeting in May was fully priced into the market.

(Writing by William Schomberg; Editing by Kate Holton)

((william.schomberg@thomsonreuters.com; +44 207 542 7778; Reuters Messaging: william.schomberg.reuters.com@reuters.net))

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