Pound Traders See No 2016 BOE Rate Increase Amid Low Oil Prices

  • BOE has kept U.K. rate at record-low 0.5% since March 2009
  • Sterling dropped to eight-month low versus dollar on Dec. 22

Investors in the pound have waited more than six years for the Bank of England to raise interest rates and bolster the U.K. currency. With money markets signaling no move next year, it looks like they may have longer to wait.

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