LONDON (Dow Jones)--The cost of borrowing dollars, euro and sterling for three months in the London interbank market fell Friday.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, fell to 0.44660% from 0.45210% Thursday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, narrowed a fraction to 30.1 basis points from 30.5 basis points.
The euro rate fell to 0.28536% from 0.32679% Thursday, while the sterling rate fell to 0.75150% from 0.78338%.
