WSJ:Key Dollar Borrowing Rate Falls, Sterling Rate Rises, Euro Steady
By Tommy Stubbington
The cost of borrowing dollars for three months in the London interbank market declined Thursday, while the sterling rate climbed and the euro rate was steady.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, known as Libor, was 0.26470%, down from 0.26640% Wednesday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, was unchanged at 16.6 basis points.
The sterling rate climbed to 0.51250% from 0.51125% and the euro rate was unchanged at 0.15214%.
Write to Tommy Stubbington at tommy.stubbington@dowjones.com
