WSJ:Key US Dollar, Euro Libor Fall; Sterling Rate Rises
LONDON (Dow Jones)--The cost of borrowing dollars and euros for three months in the London interbank market fell Tuesday, while the sterling rate rose.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, was fixed at 0.57950%, down from 0.58050% Monday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, was unchanged at 50 basis points.
Sterling borrowing costs for three months rose to 1.08863% from 1.08706%, while the euro rate fell to 1.20929% from 1.21729% on Monday.
-By Tommy Stubbington, Dow Jones Newswires, 44 20 7842 9268;
