POUND JUMPS.
NEARLY 5 CENTS UP. Sudden Rise After Uncertain Tendency. CHEERED BY WAR DEBT NEWS. (British Official Wireless.) (Received 12.30 p.m.) RUGBY, November 30. In the foreign exchange market sterling displayed an uncertain tendency at the outset, the opening rate on New York being quoted at 3 dollars 16J- cents. Later it rose sharply to 3.20J, closing at 3.19.}. Stock markets to-day presented a generally firm appearance. "War loan (assented) Avas finally quoted at £97 3/4. A New York dispatch states that the pound jumped nearly five cents at the opening on Wednesday for cables, to above 3 dollars 20 cents. It is continuing to show strength, reaching 3.21 within half an hour. Sterling closed at 3 dollars 10? cents, a rise of 4.} cents, cheered by the news that the British war debt Note was ready. Speculative short covering may have influenced the rise. The Canadian dollar closed 5-Sth cents higher at S4J cents.
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Auckland Star, Volume LXIII, Issue 285, 1 December 1932, Page 7
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156POUND JUMPS. Auckland Star, Volume LXIII, Issue 285, 1 December 1932, Page 7
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