FALL IN STERLING
DEMAND FOR DOLLARS
EXCHANGE CONTROL SUPPORT
(By Telegraph—Press Association —Copyright.)
(Received January 5, 10 a.m.)
LONDON, January 4. The Exchange Equalisation Fund control came to the support of sterling after a sharp fall at the opening of business and sterling thereupon rallied.
{By Telegraph.—Press Association —Copyright.) (Received January 5, 10 a.m.) LONDON, January 4. Sterling exchange, London on New York, 4.62£.
Dollars January 3 4.63 3-8 January 2 4.637-8 December 31 4.643-8 December 28 4.66 7-8 December 21 fIfJH December 14 4.66 5-8 December' 7 4.66f December 1 4.68 November 1 4.75 5-16 October 1 4.82J September 28 fSi, o , a September 1 45 3"16 August 2 4.90| July 1 , 4.955-8 June 1 4.947-8 May 2..::.:... ik 1 *16 April 1 4.945-8 March 1 5.02
London on New York, during 1937, averaged 4.95 dollars to £1 sterling; on August 2, 1938, 4.90J; on September 28, 4,63; and during October varied between 4.7B£,and 4.75 £8. During November, 1938, the variation was between 4.76£ dollars (November 8) and 4.63J (November 26}. During December, 4.69 i (December 6) and 4.64 3-8 (December 31).
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Bibliographic details
Evening Post, Volume CXXVII, Issue 3, 5 January 1939, Page 12
Word Count
183FALL IN STERLING Evening Post, Volume CXXVII, Issue 3, 5 January 1939, Page 12
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