| 词汇 | example_english_sterling |
| 释义 | Examples of sterlingThese examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. Sterling's departure from gold marked the collapse of the interwar gold-exchange standard. Finally, sterling's international reserve role must be eliminated before membership. Sterling's appreciation, in the textbook view, was not accompanied by a commensurate fall in domestic prices and costs. Such transfers would then defer sterling's recovery indefinitely and might even make permanent the loss of primacy among the major reserve currencies of the world. Their researches had concluded that the dollar's depreciation did not have the detrimental effects on world prices caused by sterling's flotation. There is little to suggest that this view changed, at least until the sterling crisis of 1947. Sterling was linked to gold and the gold standard ensured price stability. Controls were also imposed for the first time on capital investment in the sterling area and this effectively meant the end of the sterling area. Even then it proved possible to peg sterling at a mere 10 per cent discount against the dollar for the duration of the war. British politicians concentrated on the search for compensation for the foreign exchange loss, which was completely inadequate for achieving its objective + the stabilisation of sterling. He knew that there would be complicated and serious consequences if the link with sterling was broken. I wanted government policy to ensure that sterling maintained confidence in the market without support conscripted under an exchange rate mechanism. The effective sterling rate was now within 3 per cent of where it had been at the beginning of 1977. There had been fears earlier in the year of a franc devaluation and of its likely sideeffects on sterling. The problem of managing sterling was actually greater in the period after devaluation than it had ever been before. The difference between sterling's green rates and market rate against the ecu — the real monetary gap — is expressed as a percentage of the former. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 I understand why they did so, because sterling's present level bears hard on many manufacturing industries. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 Last week we discussed exports and looked at the effect of sterling's appreciation on manufacturing industry. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 The question of sterling's participation is kept under review. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 The difference between sterling's current rate and that which would apply under convergence is worth 2p on a litre of milk. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 At sterling's current level, that is an oxymoron. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 The initial impact of sterling's suspension from the exchange rate mechanism was a sharp fall in business and consumer confidence. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 I am glad to say that since then the dollar exchange rate has improved in sterling's favour. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 They have not endangered sterling's position in the exchange rate mechanism. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 The average value of the pound sterling's effective exchange rate index in that month was 90·8. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 There is, however, a difficult balance of advantages and disadvantages to be weighed up in considering sterling's possible relationship to the exchange rate mechanism. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 I referred briefly earlier to sterling's temporary weakness at the beginning of the year. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 By any account, sterling's over-valuation will damage manufacturing. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 Against that background, it would be foolish to attempt to make any precise prediction about the timing of sterling's entry. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 There is a precise parallel there in sterling's high value. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 The effective lower limit is determined by sterling's position against the strongest currency in the system. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 Indices of the terms of trade and sterling's effective exchange rate are shown below, as far as they are available. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 The table shows sterling's market ecu rate and its divergence indicator in a recent week. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 He selected a period when sterling's real rate aginst the deutschmark was at its lowest for the whole of the past 10 years. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 We would not, for example, think it realistic if anyone were to propose that sterling's international rôle could suddenly be abandoned. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 A spokesman said that there were no current plans to do so, but added that sterling's continued strength was almost forcing us to close it. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 The rate that we have chosen is also sterling's recent market rate and the average real exchange rate over recent years after making adjustment for differential inflation performance. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 The effect of the change in the composition of the ecu/£ exchange rate will depend on the movements in sterling's exchange rates against all the other currencies in the ecu. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 Together with the autumn statement measures, the improvement in competitiveness from sterling's depreciation, and the recent cuts in interest rates. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 Between 1979–80 it was regarded as the sort of ultimate jewel in the crown to have substantial oil reserves and sterling's international value reflected that assessment. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 I hope that sterling's performance against the mark and the dollar confounds all the critics and that we might already have reached the interest rate ceiling of the current cycle. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 They say that sterling's exchange rate demonstrates its strength, and that, if anyone needs to sort out their house, it is those who are in the eurozone. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 In my humble opinion, this is very appropriate and, hopefully, it will coincide with a full review of sterling's international role, and of the scope for liberalising exchange control. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 They have happily tightened taxes on business in the past year, while allowing sterling's rise to weaken our export performance and increase the attractiveness of imports. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 Among the immediate effects of changing sterling's representative rate would be a reduction in the monetary compensatory amounts which subsidise our imports and some increase in prices to consumers. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 Our exporters are achieving considerable successes in world markets and their profits have been improved by the easing of sterling's level against other currencies, especially the dollar. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 As the pressures in the international oil markets have eased and expectations of future price movements been reversed, so their effect on sterling's exchange rate has moderated. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 The irony is that they are the ones who are arguing that the high pound demonstrates sterling's success and proves that we should never join the euro. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 The coincidence of these two levels of discussion are important to any understanding of the role of sterling in the negotiations. More generally, the only policies to survive were those that were consistent with the overriding priority now attached to sterling. He also inherited the preference for a tough monetary stance to support sterling. However, the boom continued and sterling also came under intense speculative pressure. Throughout 1968 the balance of payments still tilted heavily towards deficit, and sterling holders continued to diversify. Nonetheless, by the first half of 1967 confidence in sterling seemed to have increased. The disruption of oil supplies, compounded by a national docks strike, precipitated the long awaited sterling crisis. The gap between the two series was the de®ning characteristic of the sterling balances 'problem'. A pound in one colony was not worth the same as a pound in another and accordingly exchanged with sterling at different rates. The progress of sterling towards convertibility had immense consequences for macroeconomic policy and broader, domestic political economy. There could hardly be a clearer statement of the extent to which the conduct of economic policy had become dominated by sterling. To be sure, some existing foreign firms, notably in the auto industry, have complained about the strength of sterling. Even today the confrontation is presented as indisputable proof of 'sterling courage,' initiative, and enterprise in some biographical accounts, and its 'image' is endlessly reproduced. Since the beginning of 1977, sterling had risen against the dollar, but was down against the strong currencies. During the 1960s the sterling area gradually disintegrated as the bene®ts of pegging to sterling eroded. Thirdly, any decision not to join would need very careful presentation to avoid speculation against sterling. The changes undermining the global leadership of the pound sterling had started already in the pre-1914 world. All throughout the 1960s, one sterling crisis followed another. In the 1950s the strength of sterling had sometimes been identi®ed with the strength of the economy itself. Sterlings intention may have been to try to defuse the situation, but plenty of physical support arrived with him. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Even the troop cost negotiations themselves in-uenced negatively con®dence in sterling, because they underlined quite dramatically how precarious the situation of sterling actually was. The government also made a number of economic misjudgements, including over-extending foreign credits and buying and keeping sterling. Sterling's poetry is both visionary and mystical, but he also wrote ribald quatrains that were often unprintable and left unpublished. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. Sterling's best collegiate season came in 200405, when he had 34 goals, 29 assists and 63 points. From Wikipedia This example is from Wikipedia and may be reused under a CC BY-SA license. The likely outcome was some effective appreciation of sterling over 1979-81. Reciprocal accounts were less important once foreign exchange reserves were liquidated, and co-operative effort was no longer necessary to protect sterling. Selling marks for sterling on the markets, even at a prevailing discount of 36 per cent from nominal exchange rates, was thought preferable. Although tax was supposed to be paid in sterling, many people paid in kind, after which the goods were sold for cash. Thus, his crucial and sterling work went unrecognized. A fine frontispiece and some sterling narrative carried forward the stock 'encounter-trope' of naval exploration hagiography in a new configuration. The exchange rate at the time was somewhere in the region of twelve livres tournois for one pound sterling. Furthermore, such a display is acknowledged by the narrator as a managerial strategy of sterling quality. The time was not ripe for the elimination of the international role of sterling until an alternative source of international liquidity could be devised. To widen their appeal, some of the new companies offered shares in sterling form. The most significant manifestation was the fixation of the rupee- sterling ratio, which was fixed at 1s 6d in 1925. First, should we accept the risk of a sterling rate significantly higher than it would otherwise be? However, clothing exports continued to increase, even allowing for the fact that trade figures (which express imports and exports in sterling value terms) ignore inflation. The reserve role of sterling thus derived from its transactions currency role. Domestic policy goals (full employment, industrial re-equipment, and the welfare state) were to be made subservient to the re-establishment of sterling as an international currency. All costs were expressed in pounds sterling and valued at year 2000 prices. Initially, the government responded by buying sterling and raising interest rates in an attempt to prop up the pound. The persistent balance-of-payments de®cits also led to a general belief that sterling itself was overvalued, and that a devaluation might make exports more price competitive. In this sea of uncertainties sterling as a world currency provided a 'map' as a background against which all those unresolved questions could be evaluated and judged. The pound sterling, on the other hand, emerged from the war as a paper currency with a strongly fluctuating dollar rate well below the pre-war (parity) level. In the aftermath, the problem of sterling was actually far greater than it had ever been before and consequently the solutions proposed were far more radical. The vulnerabilities of sterling permitted no alternative. According to several contemporaries, the scarcity of skilled carpenters, bricklayers, and tailors in the province meant that they commanded wages of £60 or even £70 sterling per year. As the wartime debts were run down and replaced by foreign exchange reserves, the sterling balances 'problem' came to re-ect sterling's role as an international reserve asset during the 1950s. What recent representations he has received on the exchange rate of sterling. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 To make matters even more complicated, wage costs continue to rise as the sterling price of exports runs into trouble. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 In other words, sterling is now a currency of refuge. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 We believe that the higher rate of sterling will have a damaging effect on manufacturing. From the Hansard archive Example from the Hansard archive. Contains Parliamentary information licensed under the Open Parliament Licence v3.0 These examples are from corpora and from sources on the web. Any opinions in the examples do not represent the opinion of the Cambridge Dictionary editors or of Cambridge University Press or its licensors. |
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