P228 ORACLE 228 Fri31 Dec ITN 0030:11  FO DIGN  EXCHANGES   AT CLOSE The dollar staged a modest rally after Wednesday's falls Sterling showed some late gains against European currencies despite its fall against the US dollar. The pound slipped 55 points against the dollar to close at $1.6215. The effective exchange index fluctuated before finishing unchanged at 84.3. Against the dollar, the mark eased to 2.3775 from 2.3700 and the Swiss franc to 1.9975 from 1.9905. French francs retreated to 6.7250 from 6.7150 and the yen also turned down, moving to 233N80 from 232.85N CITY HEADLINES: 603 (Ch4) 203 (ITV)