Money markets raise bets that British interest rates will drop below zero
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LONDON (Reuters) - Money markets ramped up expectations of negative interest rates in the United Kingdom for the first time ever as policymakers debated further steps to support the struggling British economy, yanking the pound to more than a three-week low. Interest rate futures contracts from December 2020 dipped into negative territory on Monday as traders raised bets that British benchmark interest rates would fall below zero.Unlike the United States where Federal Reserve officials have..