Misjudgments On Rhodesia Haunt Wilson
London analysis notes Harold Wilson contends Rhodesia crisis mirrors Cuba but warns he misjudges Smith and risks a broader African clash. Officials cite six week talks as failure, expect renewed sanctions, and U S backing for Wilson to oust Smith amid Zambia's potential join in sanctions.
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British May Hike Bank Rate
London reports indicate a possible raise in Britain's bank discount rate, currently 6 percent since 1965. Treasuries and government funds traded weakly as forward rates and bills rose, signaling tightening liquidity. Sterling faced renewed selling pressure, with devaluation talk and gold prices rising on the London market.
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