BBA LIBOR: Signs of easing in the credit markets?

Three month Sterling BBA LIBOR eased back fractionally from its peak today. Having set consecutive highs against the Bank of England base rate since the beginning of the month, the rate eased from 6.90375 to 6.90250 per cent.

This follows slight falls in the Euro and dollar three month rates that have also dipped from their peaks in recent days.

Sterling BBA LIBOR rates for Wednesday 12 September:

Overnight: 5.9000
Three-month: 6.9025
Twelve-month: 6.6150