Diary
Stephen Smith: What’s become of Barings?, 23 March 1995
“... It was feared that even the mighty yen was in turnaround, so heaven help the poor old pound. Sydney had been up for a couple of hours, and one trader on the cobber bourse was reported as saying that ‘sterling just walked off a cliff.’ In the dealing rooms, they call this kind of talk ‘sentiment’. It seemed as though the safest place to be was ... ”