Beeline query for special character like £ does not give back result

I have a table in hive with a column having special character like £. When I try to a query as simple as 'SELECT * FROM TABLE WHERE COL = "£"; ', the query does not come back with any result. 

The table data is UTF-8 encoded. The sql file that contains the above sql and run via beeline is also UTF-8 encoded.

Interestingly, if I try to create the run the same query using impala against the same table, I get back the columns containing the £ symbol.

Also when the data from the table is exported (SELECT * FROM THE TABLE and save the output to csv file) the column with special character is shown as NULL.

Steps to replicate:

1. create test.sql file with the below content: 

2.  CREATE TABLE T1 (test String);
   INSERT INTO T1 VALUES('£');
   

1. beeline>!run test.sql
2. create another file test_select.sql with the below content:

3. SELECT * FROM T1 WHERE test='£';

1. beeline>!run test_select.sql
2. No results will be returned back