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

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

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

From Time Magazine Archive

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

By midyear, British reserves had shrunk to $2.7 billion, less than half the amount of pounds held by individuals and central banks in the sterling bloc alone.

From Time Magazine Archive

If they fell to $1 billion, Britain would be too broke to act as banker for the sterling bloc, which might then fall apart.

From Time Magazine Archive