20 JULY 1956, page 33

Sterling In The World

T HE banking community likes to flatter itself by recalling that 50 per cent, of the world's trade is conducted in sterling. The proportion holds remarkably constant. If......

T He City Has Been Having A Difficult Time Recently And

is now becoming anxious about the future. Since early 1955 it has had to bear the brunt of the severer monetary policy which the Government belatedly initiated to try to catch......