WSJ:Key Dollar Borrowing Rates Fall, Sterling Rates Rise, Euro Unchanged
By Gary Stride
The cost of borrowing dollars for three months in the London interbank market fell Tuesday, while the cost of borrowing sterling rose and the cost of borrowing euros was unchanged.
Data from the IntercontinentalExchange Group (ICE) showed the three-month dollar London Interbank Offered Rate, known as Libor, fell to 0.22810% from 0.23060% seen Monday.
The cost of borrowing sterling rose to 0.52719% from 0.52219%, while the cost of borrowing euros was unchanged from Monday at 0.28143%.
