| answer text |
<p>It is not appropriate for the government to comment on specific currency market
movements.</p><p> </p><p>The government accepts the market-based price of sterling
and does not have a view on what level this should be. Moreover, speculating on the
value of sterling could hurt confidence in our macroeconomic framework.</p><p> </p><p>It
is important to remember that the UK’s macroeconomic framework is based on an inflation
target, and it is for the independent Monetary Policy Committee to set monetary policy
to meet this target.</p>
|
 |
