sterling bloc

American  

noun

1. those countries having currencies whose values tend to vary directly with the rise and fall of the value of the pound sterling.

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Example Sentences

See Examples For:

sterling bloc

British Foreign Secretary Bevin's idea of an Empire customs union was quickly rejected, for it would force Canada into the sterling bloc.

From Time Magazine Archive

Austere Sir Stafford Cripps's Board of Trade confirmed that the bulk of Britain's exports have been going to nations inside the sterling bloc.

From Time Magazine Archive

In 1956 Britain exported $560 million in long-term credit, almost entirely to countries in the sterling bloc.

From Time Magazine Archive

Though the British went along with the U.S. on many points, the British sterling bloc would for the time being remain intact.

From Time Magazine Archive

But the sterling bloc for which London acts as banker did much better: U.S. buyers eagerly snapped up its raw materials despite rising prices.

From Time Magazine Archive