STERLING IMPROVES
Warning By Wilson (N.Z.P.A.-Reuter—Copyright) i LONDON, July 15. i Sterling s value against the dollar improved slighty in [the foreign exchange market iin London today following an [increase in the bank rate and new credit restrictions I During the afternoon it was also helped by reports of some modest commercial buying by New York, which hoisted the rate to 2.7884 dollars. Later, however, dealers held back while they weighed up future prospects after Mr Wilson’s warning of the possibility of more tough measures to strengthen the economy.
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Press, Volume CVI, Issue 31113, 16 July 1966, Page 15
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89STERLING IMPROVES Press, Volume CVI, Issue 31113, 16 July 1966, Page 15
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