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Home > Statistics > Explanatory Notes - Wholesale - Overseas currency deposit rates - Euro-sterling deposits
 

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.

Key Resources

​Figures shown here up to and including 1979 3rd quarter are averages of Friday observations. Thereafter, they are based on daily observations.

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