Chunnel

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Chunnel

A slang term for the euro-British pound exchange rate. The term derives from the name of the underground tunnel connecting Britain with continental Europe.
References in periodicals archive ?
The 1,000MW interconnector project is a joint venture between Star Capital and Channel tunnel operators Groupe Eurotunnel and it will help send up to 50 per cent more electricity between Britain and France, through 32 miles of cables inside the tunnel.
A consortium of Canadian pension funds has successfully bid GBP2.1bn to acquire the Channel Tunnel high-speed rail link (HS1).
The sale of the 110-km High Speed 1 (HS1) line, which links central London to the Channel Tunnel, will be the first major British transport infrastructure sale since airport operator BAA sold London's Gatwick airport late last year.
John Surtees after his drive through the Channel Tunnel
With the production of scaremongering pamphlets such as How John Bull Lost London, describing the tunnel being invaded by hordes of French soldiers, work was stopped in 1883 by the Channel Tunnel Defence Committee on the grounds of national security.
A digital wireless communications network is to be provided, along with support services for the Channel Tunnel Rail Link between London and Folkestone in the UK, by Nortel (NYSE:NT), a communications company.
Around 1000 tonnes of pipes have been galvanized for Phase 2 of the Channel Tunnel rail link, which incorporates a 16-mile tunnel from St Pancras Station in Central London to the Thurrock and Dartford areas on the edge of the city where the new line will link up with the existing rail line to the Channel Tunnel itself.
'That deal was aiming at stopping a flow of immigrants through the Channel Tunnel from Sangatte,' he said.
Given the depressing, defeatist history of Britain's railways over the last half-century and more, it is a most cheering sight to see the new Channel Tunnel rail link leap across the Medway, but the structure that carries it is scarcely distinguishable from, and no more inspiring than, the adjacent bridge that carries the M2.
Six years ago, the first margarine fire that I'm aware of occurred, called the English Channel Tunnel Fire.
PLANS by the French government to open a second refugee camp near Calais would be "disastrous", Channel Tunnel operator Eurotunnel said today.
This month in 1969 Impact of a Channel tunnel on Britain and Europe by M.J.
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