LONDON (Dow Jones)--The cost of borrowing dollars, sterling and euros for three months in the London interbank market fell Thursday.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, fell to 0.44710% from 0.44810% Wednesday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, remained unchanged at 30.5 basis points.
The euro rate fell to 0.29464% from 0.30393%, while the sterling rate fell to 0.75400% from 0.75900%.
-By Nick Cawley, Dow Jones Newswires; +44-20-7842-9374; nick.cawley@dowjones.com
