Libor 3month dollar at 4.81875%, euro at 5.366%

The London Interbank Offered Rate or Libor for borrowing between banks was fixed on Friday at 4.81875% for 3 months deals, but the euro borrowing rate for 3 months hit a fresh record high of 5.366%.
Three months Libor for sterling was also at record high of 6.285%.
The overnight rate for dollars at the Friday fixing was 2.46875%, for o/n sterling the fixing was 5.8125% and for euro 3.8925%, the British Bankers Association announced.
The six month Libor for dollars was 4.39375%. The six month sterling libor was 6.38% and the euro six month Libor was also at a fresh record of 5.42625% according to the BBA fixing prices obtained by the Financial Mirror.
Libor, set by 16 banks in a survey conducted by the BBA each day in London, determines rates on $360 trillion of financial products worldwide, from home loans to derivatives. Member banks provide estimates on how much it would cost to borrow in 10 currencies for terms between one day and a year.