HC Deb 26 November 1968 vol 774 cc61-2W
33. Mr. Tilney

asked the Chancellor of the Exchequer whether he will have discussions with the Bank of England as to whether it is possible to establish a market in sterling area currencies in London so that traders in commodities bought and sold in such currencies can protect themselves against unforeseen currency movements.

Mr. Harold Lever

I agree that the development of such a market would be useful to the commercial interests concerned. But this must be a matter for them and for the central banks responsible for each currency, with a number of whom the Bank of England have discussed the matter. The situation has improved in some respects in recent months.