• Short Summary

    On Thursday (July 26) Britain's floating pound was sinking on world markets and suffered a devaluation of one per cent on the day.

  • Description

    On Thursday (July 26) Britain's floating pound was sinking on world markets and suffered a devaluation of one per cent on the day. The fall was caused by concern over Britain's worsening trade deficit and fears of coming industrial strife.

    But the first to suffer on Friday (July 27) were the tourists, as the pound in their pocket shrank further against the peseta or the france and their holiday purchasing power slowly evaporated.

    Some holiday films were also marking up a surcharge on holiday prices.

    But at least Friday was a better day for the pound if not the tourists. It rose two full cents against the United States dollar.

  • Tags

  • Data

    Film ID:
    VLVA9WP7DZPTKRAN6HXOOAM8012ZP
    Media URN:
    VLVA9WP7DZPTKRAN6HXOOAM8012ZP
    Group:
    Reuters - Incuding Visnews
    Archive:
    Reuters
    Issue Date:
    27/07/1973
    Sound:
    Unknown
    HD Format:
    Available on request
    Stock:
    Colour
    Duration:
    00:01:38:00
    Time in/Out:
    /
    Canister:
    N/A

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