§ Mr. Gryllsasked the Chancellor of the Exchequer how great a trade-weighted depreciation of sterling results from a fall of one US cent in the dollar value of sterling, on the assumption that the dollar's exchange rate against all other major currencies remains unchanged.
§ Mr. Robert SheldonOn the basis of exchange rates currently prevailing, depreciation of one US cent in the dollar value of sterling would depreciate the trade-weighted sterling rate by just under 0.4 per cent.