LONDON (Dow Jones)--The cost of borrowing dollars, sterling and euros for three months in the London interbank market declined Wednesday.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, was 0.46865%, down from 0.46915% Tuesday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, was unchanged at 32.5 basis points.
Sterling borrowing costs fell to 1.02125% from 1.02250%, while the euro rate eased to 0.66500% from 0.66857% Tuesday.
-By Tommy Stubbington, Dow Jones Newswires, +44 20 7842 9268; tommy.stubbington@dowjones.com
