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Pound Slides Against Dollar In Britain Crisis
The British pound fell to new lows near 1.70 dollars and later 1.721 as political and labor leaders weighed wage restraint amid talks to win union approval for a 42 percent ceiling on wage growth. Healey urged calm while bankers backed a quicker market adjustment. The government hopes restraint will placate the Trades Union Congress and miners, though acceptance is uncertain.
MENTIONED IN THIS ARTICLE
London
Britain
Trades Union Congress
TUC
Healey
NBC
United States
U.S