THE FRENCH FRANC
FALL CONTINUES
FEAR OF LABOUR CODE
EXCHANGES SOMNOLENT ,
(By- Telegraph—Press Assn.—Copyright.) (Received January 27, 10 a.m.) LONDON. January 2b". The severe, fall in the French franc continues despite a successful attempt by the authorities to squeeze the "bears"1 yesterday. The cause of the decline chiefly lies in the introduction of a labour code which would precipitate a fresn political-crisis. The Stock Exchange markets remain somnolent. Gilt-edged stocks arc qufetlylfirm, ' '
The recent movements of the franc, •which is not quoted in the cabled advices received today, have been as follows:— • _ . Francs. "January.2s 151} ' January-24 150 ■ January 22 1501-8 January'2l 151 -J January .20 148 5-8 January 19 .. 148 7-8 , January 38 1491-8 January 17 151 January 15 1491-8 January 14 ...' 152 January 13' 149J -, January 12 14711-16
■. A,' British' Ofßcial Wireless message gives • yesterday's quotation lor the fcanc v.as 153 3-8 to the £ sterling.
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Bibliographic details
Evening Post, Volume CXXV, Issue 22, 27 January 1938, Page 12
Word Count
146THE FRENCH FRANC Evening Post, Volume CXXV, Issue 22, 27 January 1938, Page 12
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