RISE IN STERLING
HEW YORK MONEY MARKET Press Association—By Telegraph—Copyright NEW YORK, January 24. (Received January 25, at noon.) In a strong upswing, unprecedented since October, the pound rose 3J cents on Tuesday to close at 3.39 J for cables. The Canadian dollar is one-sixteen’th weaker at 86J. The sterling rise is attributed to optimism over the war debt situation. It is also believed that tho British stabilisation fund of the Bank of England has been temporarily withdrawn from the market. Presumably the bank has been selling sterling in an effort to hold the price steady.
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Evening Star, Issue 21319, 25 January 1933, Page 6
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96RISE IN STERLING Evening Star, Issue 21319, 25 January 1933, Page 6
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