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US Dollar LIBOR Three Month Rate increased to percent on Monday December 31 from percent in the previous trading day. Interbank Rate in the United States averaged percent from until , reaching an all time high of percent in March of .

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US Dollar LIBOR Three Month Rate increased to percent on Monday December 31 from percent in the previous trading day. Interbank Rate in the United States averaged percent from until , reaching an all time high of percent in March of .

During the past three years Barclays Bank, JP Morgan, Swiss bank UBS, Royal Bank of Scotland and Deutsche Bank have all been fined by financial regulators for this practice, which is seen as market manipulation and corrosive to trust in the financial markets. In August , former city trader Tom Hayes was convicted of conspiracy to defraud for manipulating Libor.

He was jailed for 14 years a sentence that had since been cut to 11 years. After the allegations came to light the government commissioned a major review of Libor and how it was set. Rates are now based on actual transactions for which records are kept. Another key change is that there are now specific criminal sanctions for manipulation of benchmark interest rates. Theresa May warns of "uncharted territory" if MPs reject her agreement as she insists crunch vote will "definitely" go ahead next week.

What is it and why does it matter? Top Stories Brexit 'in danger' unless MPs back deal - PM Theresa May warns of "uncharted territory" if MPs reject her agreement as she insists crunch vote will "definitely" go ahead next week. Elsewhere on the BBC. The Greatest Dancer Learn this simple Beyonce dance move. Daily news briefing direct to your inbox Sign up for our newsletter. Why you can trust BBC News.

Politics Home Parliaments Brexit. Interbank Rate in the United Kingdom averaged 5. Interbank Rate in the United Kingdom is expected to be 1. Looking forward, we estimate Interbank Rate in the United Kingdom to stand at 1.

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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.