UPDATE 2-Sterling, gilt yields tumble as markets raise rate cut bets <!-- no image --> <div>* Markets expecting 25 bps rate cut in next 12 months (Updates prices)<div class="feedflare"> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=bs7R591S4Wo:FpUpJXbMM7g:yIl2AUoC8zA"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?d=yIl2AUoC8zA" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=bs7R591S4Wo:FpUpJXbMM7g:V_sGLiPBpWU"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=bs7R591S4Wo:FpUpJXbMM7g:V_sGLiPBpWU" border="0"></a> <a href="http://feeds.reuters.com/~ff/reuters/UKBankingFinancial?a=bs7R591S4Wo:FpUpJXbMM7g:F7zBnMyn0Lo"><img src="http://feeds.feedburner.com/~ff/reuters/UKBankingFinancial?i=bs7R591S4Wo:FpUpJXbMM7g:F7zBnMyn0Lo" border="0"></a> </div><img src="http://feeds.feedburner.com/~r/reuters/UKBankingFinancial/~4/bs7R591S4Wo" height="1" width="1" alt=""></div> Posted by Reuters