ND:Key Dollar Borrowing Rates Rise, Euro Rate Unchanged, Sterling Falls
By Nick Cawley
The cost of borrowing dollars for three months in the London interbank market rose Friday, the cost of borrowing sterling fell while the cost of borrowing euros was unchanged.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, known as Libor, climbed to 0.24835% from 0.24585% the previous day.
The cost of borrowing sterling fell to 0.52438% from 0.52550%, while the cost of borrowing euros was unchanged from Thursday at 0.27143%.
