2000-04-09, English, Article, Other article edition: Call up bonds to save sterling.(Business; issuing bonds may lower strength of pound) Holtham, Gerald

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Bookmark: http://trove.nla.gov.au/version/110616559
Physical Description
  • Newspaper article
Published
  • Financial Times Ltd., 2000 April 9
Language
  • English

Edition details

Title
  • Call up bonds to save sterling.(Business; issuing bonds may lower strength of pound)
Also Titled
  • Call up bonds to save sterling.
Appears In
  • The Observer, 2000 April 9, p.B2(1) (ISSN: 0745-9491)
Author
  • Holtham, Gerald
Published
  • Financial Times Ltd., 2000 April 9
Physical Description
  • Newspaper article
Subjects
Target Audience
  • General
Summary
  • The British pound has increased by 30% compared to the euro and this has badly affected competition and profits. Most businesses cannot manage to survive with the pound as strong as this. However, the government is reluctant to try to get the Bank of England to change the exchange rate because it may lose face. One solution would be for the government to issue sterling bonds which can be sold for euros at a profit and then invest this money in European bonds. This would raise revenue and also push down the pound if enough bonds were sold.
Language
  • English
Database
  • Gale General OneFile
Identifier
  • 61521721

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