I'm going to divide this post into two sections. In the first, i'll discuss the background and provide some trading scenarios in the second. There is likely to be a fairly predictable short term market reaction however, the ultimate direction of global equity markets and currency prices (and therefore the global economy as a whole) will be determined in the interbank (LIBOR) market because LIBOR is the real key to global liquidity. [B]BACKGROUND[/B] In order to understand what this means, you need a brief introduction to LIBOR. LIBOR is a daily reference rate at which banks offer to lend unsecured funds (in a ... (full story)