POUND STEADY
— By Telegraph—
1erling exchange shows remarkable strength
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RUGBY, Saturday. ommenting on the remarkable adiness of the pound sterling in of the principal gold currenci"The Times" city editor suggests this may give rise to the impres- } of the rate being "pegged" or 'ficially maintained. He continues: jds, however, is not the case. Since tain temporarily suspended gold ?®ents on September 21, exchange ' been free to find its own level determined by the state of the tket. The steadiness of the pound P'ies that the demand for pounds holders of dollars and francs has !n roughly equal to the saies of tf'ng against the purchases of dol5 and francs. %is steadiness is a very gratify- '■ feature of the situation and a ®nct boon to intprnational trade ® international finance."
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Bibliographic details
Rotorua Morning Post, Volume 1, Issue 48, 19 October 1931, Page 3
Word Count
132POUND STEADY Rotorua Morning Post, Volume 1, Issue 48, 19 October 1931, Page 3
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