§ Mr. Deakinsasked the Chancellor of the Exchequer what has been the change in the exchange rate for the £ sterling against other European Community currencies between April 1979 and the latest month for which figures are available.
§ Mr. Bruce-GardyneThe changes in the average monthly exchange rates of the pound against other European Community currencies between April 1979 and November 1982 are as follows:
18W
Per cent. Belgium-Luxembourg +30.3 Denmark +33.8 France +30.6 Germany +6.3 Greece +54.7 Ireland +19.8 Italy +37.2 Netherlands +7.3 The fall in the value of the pound since mid-November has significantly reduced the size of sterling's appreciation since April 1979; the changes between the average value in April 1979 and the closing rates on 7 December 1982 are as follows:
Per cent. Belgium-Luxembourg +23.9 Denmark +26.5 France +23.4 Germany +0.0 Greece +47.8 Ireland +15.0 Italy +29.8 Netherlands +2.1