P508ORACLE 508 Mon13 Jan C4 9714:28
THE
Mon 16.00
£ Index 78.1 (-0.5) Fri close 78.6
£1 = $1.4345 (-2.17 cents) £1 = $1.4562
The pound remains weak after a fall in
North Sea spot oil prices and recgvery
by the dollar, which dealers say is
testing upward levels.
The current high level of UK interest
rates is apparently not enough to offer
sterling continued support.
Despite residual concern about G5
intervention on behalf of the US unit,
the dollar moves ahead awaiting news in
economic statistics later this week.
City headlines 500
BARGAIN TRAVEL BRITISH RAIL *** 125