LONDON (Dow Jones)--The cost of borrowing dollars, euros and sterling for three months in the London interbank market fell Wednesday.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, was fixed at 0.55660%, down from 0.55910% Tuesday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, narrowed slightly to 46.3 basis points from 46.8 basis points.
Sterling borrowing costs for three months fell to 1.08706% from 1.08956%, while the euro rate fell to 1.08829% from 1.09886% on Tuesday.
-By Tommy Stubbington, Dow Jones Newswires, 44 20 7842 9268;
