Awaited; Tokyo Bonds Dropping in London New York, May 6.
Sterling slumped heavily on foreign selling today, particularly from the Far East, as British Parliamentary Gevelopments were eagerly awaited, Moreover, with the market ruling very thin, declines were accentuated by the poorness of demand.
The pound opened at 346 and closed at 3.41%. The range of trading for the day was between 346 and 340%, A sympathetic drop was registered in the French franc, which opened at 1.96% and finished at 1.93%, compared with the previous close of 1.96%.
A little support was given the Shanghai dollar, which rose from 4.75 to 480. The Hongkong collar was depressed.—Reuter.
Text read from the printed page and cleaned; old type leaves the occasional error.