HC Deb 28 February 1985 vol 74 cc259-60W
Mr. MacKenzie

asked the Chancellor of the Exchequer if he will publish in the Official Report a table publishing the real value of the pound sterling, taking 1964 as base year, from 1964 in each year to the latest convenient date.

Mr. Lawson

The information requested is as follows:

Real* Sterling Exchange Rate Index (annual averages)
1964 100.0
1965 100.1
1966 99.5

Real* Sterling Exchange Rate Index (annual averages)
1967 99.4
1968 85.2
1969 83.2
1970 84.4
1971 88.5
1972 90.6
1973 81.8
1974 82.1
1975 88.0
1976 80.6
1977 80.0
1978 83.8
1979 94.2
1980 113.4
1981 113.9
1982 108.0
1983 99.8
1984 94.7
* The real Exchange Rate Index (ERI) is calculated by deflating the nominal ERI by a trade-weighted index of United Kingdom price movements relative to those in competitors' economies (using GDP deflators). The weights in the index are as in the IMF's Multilateral Exchange Rate Model.