Say au revoir
WELL, there goes the ten-franc kir. It was delicious while it lasted and, for City and Suburban, a triumph of campaigning jour- nalism worthy to rank with the two-dollar martini. As I was saying last week, anybody whose attention span is longer than a gold- fish's ought to know better than to call the pound strong, and now it has set off again in its usual southward direction. (I just hope that you were able to set off in that direction first.) On the foreign exchanges this is always an unstable time of year, what with the heat and the absence from their desks of the chief dealers, cooling them- selves by Lake Garda. De Gaulle thought this the ideal time to devalue, when nobody was looking, and his successors, if they had any sense, would now follow his example. At Paine Webber, Alison Cottrell says that the franc is walking on eggshells. So to the ten-franc kir this may be au revoir and not goodbye.
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