http://www.nakedcapitalism.com/2007/09/uk-overnight-rates-spike-up-on-northern.html Sun, 22 Nov 2009 07:56:24 -0500 http://wordpress.org/?v=2.8.4 hourly 1 http://www.nakedcapitalism.com/2007/09/uk-overnight-rates-spike-up-on-northern.html#comment-874 a Tue, 18 Sep 2007 08:17:00 +0000 http://www.nakedcapitalism.com/2007/09/uk-overnight-rates-spike-up-on-northern-rock-worries/#comment-874 Just to pin down this for history, the first money-market squeeze in the current episode was for the GBP overnight at the end of June, when the overnight shot up to (approximately) 7% from 5%. The GBP, not the USD, has been leading this thing. Just to pin down this for history, the first money-market squeeze in the current episode was for the GBP overnight at the end of June, when the overnight shot up to (approximately) 7% from 5%. The GBP, not the USD, has been leading this thing.

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