What is LIBOR: What Is It and Why Does it Matter? ☝️

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What is LIBOR? http://www.financial-spread-betting.c... PLEASE LIKE AND SHARE THIS VIDEO SO WE CAN DO MORE! LIBOR stands for London Interbank Offered Rate. LIBOR is basically an average of interest rates that each of the main banks in London charge each other for short-term loans. As such it is the interest rate at which member banks can borrow from one another in suitable size. How does LIBOR affect traders? What does it mean for a broker to charge traders LIBOR +2 or - 2%?

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