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185
Unit forty eight
Financial news
Text
Here is an item on financial news published by The Financial Times which some participant read:
DOLLAR AND POUND RISE
The dollar and the pound resumed their advances of 1996 against the yen and the D-Mark yesterday.
The US currency was helped chiefly by the US stock and bond markets, which rebounded from
Thursday's falls.
The dollar was also boosted by US construction spending for November, which rose where a fall had
been forecast. The figures added to the evidence of recent weeks that the American economy has resumed
stronger growth. "The US deceleration is probably coming to an end", said Mr. Peter von Maydell, senior
currency economist at UBS in London.
The dollar gained 1,5 pfennigs against the D-Mark and YO.5 against the yen to close in London at D.M.
1.557 and Y11.2. But the Tokyo market remained closed for the National Holiday.
Sterling rebounded 2.8 pfennigs against the D-Mark after losing 3 pfennigs on Thursday. With trading
thin, dealers say that one sale of GBP 50m worth of D-Marks sent sterling about a pfennig higher.
The pound closed in London at DM2.635 to the German currency and USD 1.692 to the dollar. It gained
on strong consumer credit data and on rising oil prices
Sterling has been the strongest major currency over the Holiday period appreciating almost 2 per cent.
Words and expressions
item
короткая статья (в газете)
to publish
опубликовать
to read (read, read)
читать
to rise (rose, risen)
поднимать (ся)
advance
(фин ) повышение
yen (=y)
йена
chiefly
['
fl]
главным образом
bond
облигация
stock and bond market
рынок ценных бумаг и
облигации
to rebound
вернуться на прежние
позиции
fall
падение
to boost
ускорить
to forecast (forecast,
предсказывать
forecast)
figure
['f
]
цифра
evidence
данные
deceleration
замедление
UBS = United Bank of
Switzerland
Объединенный банк
Швейцарии
to gain
повышаться
pfennig
пфениг
to close
курс валюты в конце
рабочего дня биржи
trading
торги, операции с ценными
бумагами и другими