§ Mr. Hooley
asked the Prime Minister if she will list in the Official Report the maximum and minimum values of the £ sterling against the United States dollar between 9 May 1979 and 29 March 1983 and the maximum and minimum value of the £ sterling in the trade weighted index during that period.
§ The Prime Minister
The highest closing market rate for the pound against the dollar recorded by the Bank of England during the period in question was $2.4546 on 4 November 1980. The lowest rate was $1.4549 on 29 March 1983. The highest value for sterling's effective exchange rate index (1975 = 100) calculated by the bank during this period was 105.6 for 28 January 1981. The lowest value was 77.9 on 24 March 1983.