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Mr. Austin Mitchell
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.
Mr. Bruce-Gardyne
The information is as follows:
Percentage change of sterling against its notional ecu central rate | ||||
End-month | 1979 | 1980 | 1981 | 1982 |
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 |