HC Deb 12 February 1986 vol 91 c489W
Mr. Ron Davies

asked the Chancellor of the Exchequer if he will make a statement about the exchange rate.

Mr. Ian Stewart

The sterling index closed at 74.2 on 11 February 1986.

Mr. Bruce

asked the Chancellor of the Exchequer if he will make a statement on the effects on the economy of recent levels of the deutschmark/sterling exchange rates.

Mr. Ian Stewart

The effects of the exchange rate of any currency against the pound depend on how long that particular exchange rate is sustained, on the pattern of other exchange rates and on the reaction of prices, wages and interest rates in both countries.