POUND STERLING
FURTHER RISE REPORTED. (British Official Wireless.) Rugby, January 15. There was a further sharp appreciation in the value of sterling to-day. After a rise yesterday of s:[ cents, the New York cabled rate this morning increased to 3.50 dollars. In Paris the sterling rate, after I rising nearly a franc during the day, closed ' yesterday at 87.94, and opened this morning at 891. The newspapers here say that the persistent sales of French francs are believed in some quarters to be associated with Indian gold shipments, and the demands for sterling in New York were chiefly responsible for yesterday’s ready rise.
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Bibliographic details
Southland Times, Issue 21605, 18 January 1932, Page 5
Word Count
103POUND STERLING Southland Times, Issue 21605, 18 January 1932, Page 5
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