Letter: Franc remarks

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From Dr. E. J. Loader

Sir: If the UK economy is doing as well as our government says, and the French economy is doing as badly as their government says, could one of the economic gurus explain why the pound was worth Fr8.78 on 20 January 1994 and Fr7.65 today?

Yours sincerely,

E. J. Loader

Northwich, Cheshire