§ Mr. Deakins
asked the Chancellor of the Exchequer if it is his policy to maintain the external value of the £ sterling at a particular level; and, if not, on what criteria the Bank of England intervenes in the foreign exchange market in ways which affect the external value of the £sterling.
§ Mr. Lawson
I refer the hon. Member to the answer my right hon. and learned 195W Friend gave on 19 July to the hon. Member for Oldham West (Mr. Meacher) and of my hon. Friend the Member for Melton (Mr. Latham).—[Vol. 970, c. 795.]