Traders Bet U.K. Will Have Negative Interest Rates by Year End

Money markets price in rates below 0% by the end of December
Three-month sterling Libor falls to within 1bp of a record

Bank of England Weighs Up What to Throw Next at Virus Misery — Photographer: Simon Dawson/Bloomberg

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal

By John Ainger and James Hirai

May 18, 2020 at 4:31 AM EDT

Updated on

May 18, 2020 at 12:46 PM EDT

This article is for subscribers only.

Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.

Investors are now betting the U.K. will join the negative-rates club by the end of December.

Have a confidential tip for our reporters? Get in Touch

Before it’s here, it’s on the Bloomberg Terminal