Foreign News: Exchange

Britain. The pound, rebounding from its depression as the "general strike" ended (see below), soared until it stood slightly above the dollar for the first time in eleven years* (par $4.8665 a pound; last week $4.8675.)

France. The franc, continuing to feel the pressure exerted by British financiers to keep their own currency steady during the strike, slumped again to a low record for all time 3.03c (par 19.3c).

Italy. The Italian Government relaxed its support of the lira, which promptly sank from 4c, where it has been "pegged" artificially for over a year, to 3.25c (par 19.3c).

*Since the War, four nations have...

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