STERLING CRISIS IMMINENT:

STERLING CRISIS IMMINENT:

STERLING CRISIS IMMINENT:.||a)NAT (Wood,Greg)|ENGLAND MS SIDE Dealers in foreign exchange market)|London on phones )|City MS Ditto )| TCMS Dealers on phones )| CS Dealers hands operating keys on )| terminal )| BV Dealer at desk PAN L-R to another ) ITN| MS SIDE Dealers at desks )| CS Exchange figures on screen )| )| CMS James Barty (UK Economist Morgan )| Grenfell) intvwd SOF )| -Some traders think the government will)| have to devalue and smell blood )|| EXT| LAGV Front of Bank of England TILT DOWN ) C11059201| ) ITN|| INT|Admiralty MS PM John Major MP poses for camera with )|House members of European Employers )| Federation and Michael Heseltine MP )| (Sec of State for Trade & Industry) and) SKY| Howard Davies (CBI Dir Gen) ) POOL| CMS Major poses for cameras with Carlos )| Ferrer (European Employers Federation) )| as leads delegation out of room PAN R-L)||? CMS Gavyn Davies (Goldman Sachs Chief )| Economist) intvwd SOF )| -Sterling may have to be devalued ) ITN| )| CMS Wood i/c SOF & sign off )|| TX 15.9.92/NAT|...