Sterling Libor falls after rate cut
The cost of interbank borrowing declined throughout the week, with sterling Libor reacting immediately to the Bank of England's decision to cut interest rates to a historic low of 1.5%.
Dollar Libor has also fallen since the start of the year; three-month dollar Libor maintained a steady 1.41% from January 2 to January 6 before dropping to 1.26% today - the lowest rate recorded since 2004
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