1.   But it was bigoted political obstinacy, not courage, which induced him to refuse to devalue the pound.

2.   The gold standard was abandoned, the pound was devalued, and interest rates were lowered.

3.   The pound has been devalued, making exports more profitable and foreign currency earnings more attractive, while foreign suppliers find the UK market tougher and less profitable.

4.   In the next four years he reversed many of his first-term policies, devaluing the pound and withdrawing troops from the Far East.

5.   Many investors expect the pound to be devalued sharply before entry.

6.   Analysts said the government would do better if it devalued the pound and reformed its system of pegging the currency.

7.   Egypt has devalued the pound twice in the past two months.

8.   Sudan has devalued the pound for official transactions in a move paralleling the slide of the currency on the black market.

9.   The pledge was part of an agreement for the IMF to stop pressuring Egypt to devalue the pound, the newspaper said.

10.   Those investors are believed to be waiting to see if the Central Bank will intervene to bolster the pound with a dollar injection or officially devalue the pound.