P508ORACLE 508 Mon17 Feb C4 1714:46
THE
Mon 16.00
£ Index 73.6 (u/c) Fri close 73.6
£1 = $1.4210 (+48 points) £1 = $1.4172
The dollar loses further ground on
small-scale but persistant selling in
a market lacking the influence of US
traders, absent because of a holiday.
The main influence for the slide
appears to be the suggestion that US
interest rates may be set to fall.
Sterling remains on the sidelines but
a weaker trend in oil prices prompts
some selling which leads the pound
half a pfennig lower against the mark.
City headlines 500
BARGAIN TRAVEL BRITISH RAIL *** 125