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From now on, the pound abroad is worth 14 per cent or so less in terms of other currencies. That doesn’t mean, of course, that the Pound here in Britain, in your pocket or purse or in your bank, has been devalued.

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Abroadm Worth Currency Fourteen From Less Now Other Percent Pound So Term

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All these financiers, all the little gnomes of Zürich and the other financial centres, about whom we keep on hearing.
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I’m going on, and the Labour government’s going on.
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From now on, the pound abroad is worth 14 per cent or so less in terms of other currencies. That doesn’t mean, of course, that the Pound here in Britain, in your pocket or purse or in your bank, has been devalued.
HAROLD WILSON

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