P508ORACLE 508 Mon 3 Mar C4 1708:05
THE
Mon 16.00
£ Index 72.5 (-0.7) Fri close 73.2
£1 = $1.4374 (-1.48 cents) £1 = $1.4522
Some short covering has lifted
sterling off a bottom $1.4300 position.
It has also made a modest recovery
against the mark but is still nearly
four pfennigs below Friday's close at
3.1930.
Dealers said earlier speculative
selling of sterling seemed to have run
its course for the time being.
At the back of the pound's retreat are
easier oil prices.
BARGAIN TRAVEL BRITISH RAIL *** 125