STERLING RISES.
Upswing on New York Market. DEBT OUTLOOK BETTER. United Press Assn.—By Electrlo Telegraph—Copyright. (Received January 25, 1.15 p.m.) NEW YORK, January 24. In a strong upswing, unprecedented since October, the pound sterling rose three and a quarter cents on Tuesday to close at 3.392 for cables. The Canadian dollar was one-sixteenth weaker at 862. The rise of sterling is attributed to optimism over the war debt situation. It is believed that the British Stabilisation Fund of the Bank of England was temporarily withdrawn from the market. Presumably there had been selling of sterling in an effort to hold the price steady.
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Bibliographic details
Star (Christchurch), Volume LXIV, Issue 670, 25 January 1933, Page 1
Word Count
103STERLING RISES. Star (Christchurch), Volume LXIV, Issue 670, 25 January 1933, Page 1
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