HC Deb 19 July 1979 vol 970 c795W
31. Mr. Meacher

asked the Chancellor of the Exchequer if he will indicate his policy over management of the exchange rate.

35. Mr. Latham

asked the Chancellor of the Exchequer whether he will make a statement on his exchange rate policy.

Sir Geoffrey Howe

The exchange rate is primarily determined by market forces. The Government, through the Bank of England, intervene in the exchange markets to moderate excessive fluctuations in the rate.

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