HC Deb 11 May 1983 vol 42 c293W
Sir Anthony Meyer

asked the Chancellor of the Exchequer if he will update the information on the percentage deviation of the pound sterling above and below the central rate of the European monetary system provided in the reply to the hon. Member for Grimsby (Mr. Mitchell) on 30 June 1982, Official Report, c. 305.

Mr. Bruce-Gardyne

The information is as follows:

End Month Percentage change of sterling against its notional ecu central rate
1982
June +1.3
July +1.5
August +2.0
September +2.0
October +2.3
November -3.1
December -6.5
1983
January -8.5
February -9.1
March +0.8
April +6.8

The notional central rate of sterling against the ecu is reset after each realignment to reflect the prevailing market rates and the realignment itself; and was therefore adjusted on 12 June 1982 and 21 March 1983.

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