Skip to main content

Foreign Exchange

Volume 487: debated on Wednesday 28 January 2009

To ask the Chancellor of the Exchequer what estimate he has made of the amount of sterling traded on each day of the last two months. (251664)

To ask the Chancellor of the Exchequer what projection he has made of the prevailing exchange rate between the pound sterling and the (a) euro, (b) Thai baht and (c) US dollar in each of the next 12 months. (251666)

As set out in footnote 2, on page 146 of Pre-Budget Report 2008 (Cm 7484), the Government’s economic forecast is based on the assumption that the exchange rate moves in line with an uncovered interest parity condition, consistent with the interest rates underlying the economic forecast. The Government do not publish forecasts of sterling against individual currencies.