Skip to main content

Sterling-Deutschmark Link

Volume 176: debated on Wednesday 11 July 1990

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

To ask the Chancellor of the Exchequer on what dates the pound sterling has been linked by Her Majesty's Government informally to the deutschmark at given rates of exchange since June 1983; what were the exchange rates on each given date; how long each arrangement was maintained; and if he will list the changes in the United Kingdom interest rates during each period of each informal link.

[holding answer 5 July 1990]: Tables 13.1 and 13.8 of the Central Statistical Office's monthly publication "Financial Statistics" give information on sterling's exchange rate against other major currencies and United Kingdom short-term interest rates, respectively.