POUND STERLING
A FACT OVERLOOKED HUGE BALANCES AWAITING REPATRIATION. NO OCCASION FOR CONCERN. By Telegraph—Press Assn. —Copyright. London, Dec. 3. Observing t' pound’s recovery, the “Daily Telegraph’s” City editor points out that huge balances are awaiting repatriation when the pound becomes temptingly cheap. Foreign speculators partly responsible for sterling’s downfall apparently overlooked this fact. There is no occasion for concern about sterling, given fundamentally sound conditions, for which the Government is striving. The “Financial News” says the marked removery of sterling is attributed to the cessation of selling from Dutch quarters, but it is understood one of the Big Five British banks was a strong buyer of sterling. It is believed it was operating on its own account.
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Bibliographic details
Hawke's Bay Tribune, Volume XXI, Issue 301, 4 December 1931, Page 8
Word Count
118POUND STERLING Hawke's Bay Tribune, Volume XXI, Issue 301, 4 December 1931, Page 8
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