LONDON (Dow Jones)--The cost of borrowing dollars, sterling, and euros for three months in the London interbank market all fell Wednesday.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, was fixed at 0.49160%, down from 0.49260% Tuesday.
The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, was unchanged at 38.2 basis points.
Sterling borrowing costs for three months declined to 1.06644% from 1.06925%, while the euro rate fell to 0.94450% from 0.95179% Tuesday.
-By Tommy Stubbington, Dow Jones Newswires, +44 20 7842 9268;
