what is UK equivalent of Federal Funds market?

[Directional]

is there a directly comparable UK / European instrument that compares with the US Federal Funds market?

 

[grantx]

Arbitrageur,

£ LIBOR, Short Sterling ?

Grant.

 

[grantx]

Arbitrageur,

The attached pdf file may help.

Grant.

 

[Directional]

cheers Grant. I was fairly sure it was Short Sterling and Euribor respectively, but wasnt definate.