HC Deb 06 November 1986 vol 103 cc515-6W
18. Mr. Andrew F. Bennett

asked the Chancellor of the Exchequer if he will make a statement on the current sterling exchange rate.

Mr. Lawson

At noon today the sterling index stood at 69.4.

29. Mr. Alton

asked the Chancellor of the Exchequer if his financial policy includes a target range for sterling against the United States dollar and the deutschmark; and if he will make a statement.

Mr. Ian Stewart

No.

52. Mr. Ray Powell

asked the Chancellor of the Exchequer what steps he is taking to ensure the stability of the sterling exchange rate.

Mr. Ian Stewart

My right hon. Friend will continue to pursue prudent economic policies, designed to achieve stable, non-inflationary growth, and encourage other countries to do the same.

53. Mr. Hardy

asked the Chancellor of the Exchequer by what proportion the value of the pound sterling has fallen against that of the United States dollar, the West German deutschmark, the French franc and the Italian lira in the last 12 months.

Mr. Ian Stewart

The percentage change in the value of sterling between end-October 1985 and end-October 1986 against other currencies was as follows:

Per cent.
US dollar -2.5
Deutschmark -23.1
French franc -17.6
Italian lira -21.1

34. Mr. Livsey

asked the Chancellor of the Exchequer what proposals he has for producing greater stability for exchange rates.

Mr. Ian Stewart

My right hon. Friend will continue to pursue prudent economic policies, designed to achieve stable non-inflationary growth, and encourage other countries to do the same.