STERLING FALLS IN FRANCE
EQUALISATION PURCHASES. By Telegraph—Press Assn.—Copyright, Paris, May 2. The pound closed on the Bourse at 84.60 francs and later touched 84 francs, the lowest since December. The fall is attributed to the heavy selling of sterling i by the exchange equalisation fund. Some financial observers say that this was done to convince‘the United States that Britain was determined, to counteract depreciation of the dollar.
Permanent link to this item
https://paperspast.natlib.govt.nz/newspapers/TDN19330504.2.82
Bibliographic details
Taranaki Daily News, 4 May 1933, Page 7
Word Count
68STERLING FALLS IN FRANCE Taranaki Daily News, 4 May 1933, Page 7
Using This Item
Stuff Ltd is the copyright owner for the Taranaki Daily News. 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.