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£ Sterling

Volume 884: debated on Thursday 23 January 1975

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asked the Chancellor of the Exchequer what, at the latest available date, was the percentage depreciation of the £ sterling against (a) the US dollar, (b) the German mark, and (c) the French franc, since the Washington Currency Agreement of December 1971.

At close on 21st January 1975 the percentage depreciation of the £ sterling since the Smithsonian Agreement of 19th December 1971 was 9·3 per cent. against the US dollar, 33·6 per cent. against the Deutschemark and 23·1 per cent. against the French franc.