HC Deb 23 January 1975 vol 884 cc436-7W
Mr. Denzil Davies

asked the Chancellor of the Exchequer what, at the latest available date, was the percentage depreciation of the £ sterling against (a) the US dollar, (b) the German mark, and (c) the French franc, since the Washington Currency Agreement of December 1971.

Mr. Dell

At close on 21st January 1975 the percentage depreciation of the £ sterling since the Smithsonian Agreement of 19th December 1971 was 9.3 per cent. against the US dollar, 33.6 per cent. against the Deutschemark and 23.1 per cent. against the French franc.