THE STERLING EXCHANGE.
APPRECIATION IN AMERICA. (Br Cable—Press Association—Copyright.) (Australian and N.Z. Cable Association.) NEW YORK, December 7. Along with a rising market, and cross rates with the leading European, countries, the stealing exchange has been making steady progress upward, the demand gaining five cents during the past week, reaching 456} cents to the A sterling. This is encouraging business men who are doing their chief trade with Britain, and it has inspired a feeling of betterment in the condition of Europe generally. Many explanations of the rise are given, but the chief reason advanced is the British Government's retrenchments, and wise budgetary regulations.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/CHP19221211.2.68
Bibliographic details
Press, Volume LVIII, Issue 17634, 11 December 1922, Page 8
Word Count
104THE STERLING EXCHANGE. Press, Volume LVIII, Issue 17634, 11 December 1922, Page 8
Using This Item
Stuff Ltd is the copyright owner for the Press. You can reproduce in-copyright material from this newspaper for non-commercial use under a Creative Commons BY-NC-SA 3.0 New Zealand licence. This newspaper is not available for commercial use without the consent of Stuff Ltd. For advice on reproduction of out-of-copyright material from this newspaper, please refer to the Copyright guide.
Acknowledgements
This newspaper was digitised in partnership with Christchurch City Libraries.