The weakening pound is seen in early trading in London on January 14, 1985. – Vintage Photograph

On January 14, 1985, the British pound was trading at new lows, with the Government, acting through the Bank of England, intervening and ordering the City to raise interest rates in an attempt to strengthen the currency.On January 14, 1985, the British pound was trading at new lows, with the Government, acting through the Bank of England, intervening and ordering the City to raise interest rates in an attempt to strengthen the currency.

Dimensions: 15.1 x 20.1 cm

IMS SKU: SCAN-NQOX-04894217

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In the past, the photos were often parts of series or were mass produced by the archives. Nowadays, their number is decimed – many were destroyed by time, use or natural disasters. Few were preserved and are nowadays carefully stored in our archives.

OCR computer generated text:

FEDERAL RESERVE NOTE THE UNITED STATES OF AMERICA THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE G WASHINGTON MAXXACO ONE DO A A 01402091 B 1 Katherine Savalos Ortega Treasurer of the United States. A 01402091 B WASHINGTON, D.C. CHIEF CASHIER SERIES 1981 2005 Dised d. Regan A Secretary of the Treasury. Malalalalalalal ROSTAMAA ONE POUND LONDON FOR THE GOVEAND COMP OF THE BANK OF ENGLAND KEANGLOFENA D.H.F. Samuser G182 I 0 1 1 ER DW58 411582

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PAP 212735-1 (PNR-R) London 14/1/1985: THE SINKING POUND The all-mighty dollar casts its shadow over the weakening pound, which was sinking to new lows in early trading today. The Government, acting through the Bank of England, came to its aid by virtually ordering the City to raise interest rates. See PA story “Economy Steriling”, timed 141047 and on. PRESS ASSOCIATION PHOTOS 86