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Exchange Rate

Volume 164: debated on Monday 18 December 1989

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To ask the Chancellor of the Exchequer what effect the non-publication of forecasts of overseas sector capital flows has on the process of making projections, in the Autumn Statement or elsewhere, of the future exchange rate.

[holding answer 12 December 1989]: Although forecasts of overseas capital flows are not published, the Treasury does look carefully at the capital account as part of the detailed figuring underlying the published forecast.