Explanatory Notes - Wholesale
Overseas currency deposit rates - Euro-sterling deposits
DEFINITION
Euro-currency is defined as a deposit placed in an institution of the same domicile as the currency but held outside the country of origin. Paris is the main centre of the Euro-Sterling market. The rate given is the middle-market rate as recorded by the Bank of England during the late afternoon.
FURTHER INFORMATION
Figures shown here up to and including 1979 3rd quarter are averages of Friday observations. Thereafter, they are based on daily observations.
