British Pound LIBOR Three Month Rate decreased to 0.86 percent on Wednesday February 20 from 0.87 percent in the previous trading day. Interbank Rate in the United Kingdom averaged 5.34 percent from 1986 until 2019, reaching an all time high of 15.63 percent in October of 1989 and a record low of 0.28 percent in September of 2017.
Interbank Rate in the United Kingdom is expected to be 0.92 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate Interbank Rate in the United Kingdom to stand at 0.92 in 12 months time. In the long-term, the British Pound LIBOR Three Month Rate is projected to trend around 1.67 percent in 2020, according to our econometric models.