HC Deb 07 June 1989 vol 154 c144W
Mr. Teddy Taylor

To ask the Chancellor of the Exchequer if he will make a statement setting out the considerations he takes into account in establishing whether the pound is overvalued or undervalued against(a) the deutschmark and (b) other principal currencies.

Mr. Lilley

The considerations the Government take into account in formulating their monetary policy, in which the exchange rate plays a key role, were set out in my right hon. Friend the Chancellor of the Exchequer's Budget speech on 14 March, at columns 294–309.

Mr. Teddy Taylor

To ask the Chancellor of the Exchequer if he will make a statement setting out the considerations which govern his policy in relation to the level of the pound sterling against other currencies.

Mr. Lilley

I refer my hon. Friend to my right hon. Friend the Chancellor of the Exchequer's Budget speech on 14 March, at columns 294–309.