POSITION OF STERLING
DECLINE EXPLAINED Press Association—By Telegraph—Copyright. LONDON, November 23. The ‘ Evening Standard ’ states that sterling has consistently declined during the past month, partly ow;ing to seasonal payments to America for grain and cotton, and partly owing to the dumping of foreign goods and conversion from sterling to the currencies of other countries. The latter influence is likely to continue for some little time. The weakness is partially attributed to anticipations of the early removal of exchange restrictions. Paris closed at 93.50, which is the lowest level yet reached.
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Bibliographic details
Evening Star, Issue 20959, 25 November 1931, Page 9
Word Count
90POSITION OF STERLING Evening Star, Issue 20959, 25 November 1931, Page 9
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