HC Deb 28 November 1996 vol 286 cc389-90W
27. Sir David Knox

To ask the Chancellor of the Exchequer if he will make a statement about the effect on the economy of fluctuating exchange rates. [4885]

Mrs. Angela Knight

The Government recognise the value of a stable exchange rate but do not have a target for sterling. The exchange rate is only one of many factors that has to be taken account of in policy decisions.