Wednesday, Nov 21, 2007
Apparently it's due to pre Xmas demand...you couldn't make it up
Firstrung: Three-month sterling rate is the highest since 19 September
The strong demand for cash over the traditionally illiquid New Year period has pushed three-month sterling BBA LIBOR rates to a two-month high. Interbank lending rates rose during August and September as banks became more reluctant to lend to each other amid market volatility and worries stemming from the spread of the US sub-prime crisis into global markets. Rates reverted to historically more normal levels for shorter-term lending, before beginning to rise again in early November. Today's three-month sterling rate of 6.48625 is the highest since 19 September.
Posted by converted lurker @ 09:34 AM (182 views) Add Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
No comments have been submitted.
Be the first person to add your comment by completing the form below.