P209 CJEFAX 209 Thu 4 Nov 21:11/47 1/2 OCTOBER CAR SALES SEE FURTHER RISE October new car sales rose 15.48% to 126,305 units, said the Society of Motor Manufacturers and Traders. This compares with 109,373 units sold in October 1992. Sales for the year to date were 12% up on last year at 1.5m. Importers saw a 55.15% market shake against 54.86% a year ago. The rise confirms Britain as the only car market in Europe sjeink any real recovery, largely as a result of intense marketing, said a spokesman for the SMMT. Currencies 250 Economy 270 Next News SharesA-G Exchang s MonjyfileP209 CEEFAX 209 Thu 4 Nov 21:24/21 2/2 BOE ADVOCATES GOAL OF PRICE STABILITY The new European Monetary Institute should aim to help mjmbjr states achieve price stability, according to a Bank of England spokesman. The focus should be on economic convjrgjnce goals rather than the ERM, hj added. "The lesson learned...is that the ERM per sj cannot bj relied on for ...exchange rate stability". It would bj unwise, hj said, to return to a narrow band ERM as a way of re-establishing momentum in the final stages of monetary union. Currencies 250 Economy 270 Next News Share A-G Exchanges Monjyfile