Word: minipound
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...Board of Trade reported that Britain's November trade deficit was the worst in history: $530 million. The bad news dropped the minipound last week to the lowest level of its short life- $2.4005- and sparked a fresh round of gold buying on the London market and new speculation against ster ling. It was small satisfaction that the French, who have done their share of speculating against the pound in Brit ain's recent troubles, suddenly found themselves tarred by the same brush: ru mors of a devaluation of the franc plummeted France's coin...
...cover the pound's loss; at week's end 70 airlines agreed to increase by some 17% the price of airline tickets bought with pounds. A Scottish football team, traveling in Naples on a tight budget that became even tighter with the advent of the minipound, also had to ante up the difference. Miss Peru, winner of the Miss World contest two weeks ago in London, found her ?2,500 prize suddenly 14.3% poorer. And several cities in Britain reported that the number of inquiries about emigration was suddenly running double and triple the normal rate...
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