HC Deb 07 May 1976 vol 910 cc480-1W
Mr. Gould

asked the Chancellor of the Exchequer by what percentage has the £ sterling been devalued since 5th June 1975.

Mr. Robert Sheldon

The effective depreciation of sterling increased from 24.6 per cent. to 37.4 per cent. between 5th June 1975 and 5th May 1976. Over the same period the sterling/dollar rate fell from £1=$2.3222 to £1=$1.8287.