An optical clock comprises a laser oscillator and modulating means arranged to cooperate with the laser oscillator to produce a series a series of phase-modulated optical pulses. The optical clock further comprises an optical fiber arranged to provide compression of the optical pulses, and may also comprise a step-recovery diode arranged to pulse-pick pulses output from the fiber to produce a series of optical clock pulses, depending on the mode of operation of the modulating means. Phase-modulation is carried out a frequency which provides sufficient linewidth broadening to inhibit stimulated Brillouin scattering within the optical fiber. An optical clock of the invention provides a robust and reliable alternative to clocks based on modelocked lasers, and may be assembled from inexpensive, commonly-available components. The repetition rate of a clock of the invention may easily be adjusted by electronic means. Unlike many modelocked lasers, a clock of the invention does not require precise optical alignment.