HL Deb 19 December 1985 vol 469 c952WA
Lord Wolfson

asked Her Majesty's Government:

Whether it is their policy when making purchases abroad to cover all or part of the commitment on the foreign exchange markets; and, if not, whether they will keep this matter under review in view of the volatile nature of currency movements.

Lord Brabazon of Tara

Government departments make some use of the forward markets to cover forthcoming expenditure in foreign currency. The extent of this practice is kept under review.