3-Month LIBOR based on British Pound:

Libor, the London inter-bank lending rate, is considered to be one of the most important interest rates in finance, upon which trillions of financial contracts rest. Here, the BBC explains some of.

Bank Rate is the interest rate at which the Bank of England is prepared to lend short-term money to financial institutions. There is a system. What is it and why does it matter? The shortest maturity is overnight, the longest is one year.

3-Month LIBOR based on British Pound Historical Data

British Pound LIBOR Three Month Rate increased to percent on Friday December 28 from percent in the previous trading day. Interbank Rate in the United Kingdom averaged percent from until , reaching an all time high of percent in October of and a record low of percent in September of The three month Pound LIBOR interest rate is the average interest rate .

Click here to contact us. This page provides - United Kingdom Three Month Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Country Last Previous Range Argentina UK Unemployment Rate Rises to 4. BoE Leaves Rates Unchanged. BoE Keeps Rates Steady. US Jobless Rate Rises to 3. Italy Inflation Rate at 7-Month Low of 1. Portugal Inflation Rate Lowest in 8 Months. Malaysia Trade Surplus Smallest in 3 Months.

The most commonly quoted rate is the three-month U. The Libor is widely used as a reference rate for many financial instruments in both financial markets and commercial fields.

There are three major classifications of interest rate fixings instruments, including standard interbank products, commercial field products, and hybrid products which often use the Libor as their reference rate.

It is an index that measures the cost of funds to large global banks operating in London financial markets or with London-based counterparties. The average is reported at LIBOR is actually a set of indexes. There are separate LIBOR rates reported for 7 different maturities length of time to repay a debt for each of 5 currencies. The shortest maturity is overnight, the longest is one year.

In the United States, many private contracts reference the three-month dollar LIBOR, which is the index resulting from asking the panel what rate they would pay to borrow dollars for three months.

The panel contains the following member banks: Bank of America 2. Credit Agricole CIB 6. JP Morgan Chase