Mr. Alan W. WilliamsTo ask the Chancellor of the Exchequer what is the extent of the devaluation of the pound sterling against the basket of international currencies since Wednesday 23 September 1992, on the latest available figures.
§ Mr. NelsonBetween close of business in London on 23 September 1992 and opening 1 March 1993 the £ sterling has declined against its exchange rate index by 6.74 per cent.