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598073
registered interest false more like this
date less than 2016-10-10more like thismore than 2016-10-10
answering body
HM Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name CaTreasury remove filter
hansard heading Exchange Rates more like this
house id 2 more like this
legislature
25277
pref label House of Lords remove filter
question text To ask Her Majesty’s Government what assessment they have made of whether the drop in the value of sterling in recent months reflects the markets' view of the likely future health of the UK economy. more like this
tabling member printed
Lord Birt more like this
uin HL2102 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2016-10-18more like thismore than 2016-10-18
answer text <p>The UK has an inflation target, not an exchange rate target, and Her Majesty’s Government does not express a view on the level of exchange rates. Instead, the exchange rate is allowed to adjust flexibly in response to economic conditions and movements in sterling are determined by market forces.</p><p> </p><p>This framework means we do not need to introduce exchange rate controls.</p> more like this
answering member printed Lord Young of Cookham more like this
grouped question UIN HL2120 more like this
question first answered
less than 2016-10-18T14:25:15.587Zmore like thismore than 2016-10-18T14:25:15.587Z
answering member
57
label Biography information for Lord Young of Cookham remove filter
tabling member
2533
label Biography information for Lord Birt more like this