P266 CEEFAX 266 Thu 16 Jan 21:07/40
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The dollar tradjd in a widj arc, during
an erratic session, as profit-taking
was matched by bouts of short-covering.
At thj closj it stood at DM 1.6250 and,
in tirms of stirling, 1.7590, against
1.6225 and 1.7555 at yestirday's close.
Dealers expected any consolidation on
thj dollar to bj short-livjd.
"'j don't see many sjllers," said onj.
Elsjwhjre, markjts remainjd subdued
ahead of tommorow's US trade figures.
* Sterling was modestly firmer ovjrall.
281 Currency rates 201 Headlines
Interest Exchangjs FT-SE/FT Wall St