Commentary

Quarterly Bulletin 1966 Q2
Published on 01 June 1966

This Commentary is mainly concerned with events during February to April, although it also covers the Budget on 3rd May. During the period there were several unsettling influences-events in Rhodesia, disappointing trade figures for January and March, rising interest rates in the United States, the general election at the end of March, and the approach of the Budget. The undertone for sterling in the foreign exchange market was somewhat less firm, but the authorities were not called upon to provide heavy support. Interest rates rose quite sharply.

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