Mr. Alan W. WilliamsTo ask the Chancellor of the Exchequer what has been the overall percentage change in the value of the £ sterling since 1 September 1992 against(a) the dollar, (b) the Deutchsmark and (c) the basket of currencies. [16862]
§ Mr. NelsonBetween 1 September 1992 and 27 March 1995, sterling has fallen by(a) 20 per cent. against the dollar, (b) 19 per cent. against the Deutchsmark and (c) 15 per cent. on an exchange rate index basis.