sterling bloc

noun

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

Example Sentences

Europe is doing worse than Japan during its “lost decade,” worse than the sterling bloc during the Great Depression, and barely better than the gold bloc then—though even that silver lining isn’t much of one.

From Forbes

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

The British press, as if a little ashamed of its earlier behavior, paused to recall how much the U.S. had already done for Britain; the U.S. press reminded itself of the harsh fact that, if Britain went down in economic distress, dragging the great sterling bloc of nations with her, the U.S. economy would be sorely shaken, the free world's defenses critically weakened.

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

But Lord Catto also knows that an attempt to build up a great Sterling bloc in opposition to a Dollar bloc would be fatal to British interests.

From Time Magazine Archive