RUMOUR OF DEVALUATION OF BRITISH POUND
Received ThurSdav, 7 p.m. LONDOX. .hui. 15. Jiunumrs that the British Bovernment was considering tlie devaluation oi ihe pound sterling, were widciy eurlenl yesterdav on the London Stock Excdiange and Paris liour.se. A Treas- » "v ollicial tohi the Finaneial Times Jait night that th.e Treasury could not ni.agine how such rumours originated, ''Of course, " sgys ihe Finaneial Times ln a leader, " no Governiuent conlemplattng a ehange 111 the value of its curraney, would be foolish euough to advertise its intentions" in advanee but Boonrr or later the devaluation prophets will be riglit. ' '
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Chronicle (Levin), 16 January 1948, Page 5
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98RUMOUR OF DEVALUATION OF BRITISH POUND Chronicle (Levin), 16 January 1948, Page 5
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