LONDON (Dow Jones)--The cost of borrowing dollars for three months in the London interbank market was unchanged Wednesday, while the corresponding euro rate fell and the sterling rate rose.
Data from the British Bankers' Association showed the three-month dollar London Interbank Offered Rate, or Libor, was unchanged at 0.30281%. The spread between the three-month dollar Libor and overnight index swaps, a barometer of market stress, widened to 11.9 basis points from 11.8 basis points Tuesday.
The euro rate fell to 0.94625% from 0.94688%, while the sterling rate rose to 0.75438% from 0.75250%.
-By Neelabh Chaturvedi, Dow Jones Newswires; +44-20-7842-9495; neelabh.chaturvedi@dowjones.com
