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£ Sterling

Volume 26: debated on Wednesday 30 June 1982

The text on this page has been created from Hansard archive content, it may contain typographical errors.

asked the Chancellor of the Exchequer whether he will publish in the Official Report a table showing the percentage deviation of the £ sterling above and below the central rate of the European monetary system each month since its inauguration.

The information is as follows:

Percentage change of sterling against its notional ecu central rate
End-month1979198019811982
January+2·7+25·4+7·2
February+4·6+19·8-0·7
March+1·2+7·9+0·2-0·5
April+3·0+5·2+1·0-2·6
May+4·0+8·0+2·3-2·2
June+5·4+7·0-0·6
July+8·3+7·4-2·4
August+7·8+10·2-2·4
September+0·1+10·8-8·3
October-1·7+17·5+2·7
November-0·1+15·5+6·5
December+0·4+18·6+6·1
The notional central rate of sterling against the ecu is reset after each realignment to reflect the prevailing market rates and the realignment itself; and was adjusted on 24 September and 30 November 1979, 23 March and 5 October 1981 and 22 February and 12 June 1982.