Example sentences of "when sterling " in BNC.
Next page| No | Sentence |
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| 1 | Since Mr Lawson has long been in favour of a stable exchange rate — and since industry has enthusiastically supported him , by expressing its enthusiasm for membership of the European Monetary System — it is ill-placed to argue against an increase in base rates at a time when sterling was threatening to fall below three marks , although the Confederation of British Industry has predictably grumbled that the rise was unnecessary . |
| 2 | On the LME , copper attracted most of the attention , trading up to £1,900 per tonne during second ring afternoon dealings , its highest level since late August when sterling values hit an all-time high of £1,932 . |
| 3 | Market estimates for yesterday 's intervention put the Bank 's purchases of pounds as high as $500m , and there were indications that the authorities may have intervened to a similar extent the day before , when sterling fell almost 6 pfennigs . |
| 4 | This is the position apparently held by various government ministers in the period 1979-81 , when sterling was allowed to soar . |
| 5 | He then compounded that error six months later when his undeclared policy of shadowing the German mark , at a time when sterling was in high demand , resulted in a reduction of interest rates unwarranted by domestic conditions . |
| 6 | This , conveniently , is at a time when sterling has fallen far enough against the Deutschemark to make it potentially competitive within ERM . |
| 7 | Base rates have fallen three per cent since Black Wednesday on September 16 when sterling crashed out of the European Exchange Rate mechanism . |
| 8 | It had a peak of over 31,000 contracts on 5 October 1990 when sterling joined the ERM , the announcement of which had been delayed until the main London cash markets closed . |