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Money markets ramp up bets on British interest rates falling below zero

FILE PHOTO: A British pound note is seen in front of a stock graph in this picture illustration
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LONDON (Reuters) - Money markets ramped up expectations of negative interest rates in the United Kingdom as policymakers debate further steps to support the struggling economy.Futures contracts from December 2020 dipped into negative territory on Monday as traders raised bets that British benchmark interest rates would fall below zero. The Bank of England is looking more urgently at options..
Date Published: May 18, 2020
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