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answer › question first answered	2019-06-25T12:56:57.747Z
answer › answering member printed	Lord Young of Cookham

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registered interest

date

exactly:

or between:
and

answering body

answering dept id

answering dept short name

answering dept sort name

hansard heading

house id

legislature


pref label

question text

tabling member printed

uin

answer

is ministerial correction

date of answer

exactly:

or between:
and

answer text

answering member printed

question first answered

answering member


label

tabling member


label

1133033

registered interest

date

18/06/2019

answering body

Treasury

answering dept id

answering dept short name

Treasury

answering dept sort name

Treasury

hansard heading

Exchange Rates

house id

legislature

25277

	pref label	House of Lords

question text

To ask Her Majesty's Government what assessment they have made of the reasons for (1) sterling losing nearly five per cent of its value against the US dollar since the beginning of May this year, and (2) other major currencies holding their value over the same period.

tabling member printed

Lord Birt

uin

HL16451

answer

is ministerial correction

date of answer

25/06/2019

answer text

<p>The government does not comment on movements in financial markets. It is also important to note that the UK does not have an exchange rate target. Instead 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><p> </p>

answering member printed

Lord Young of Cookham

question first answered

25/06/2019 12:56:57

answering member

57

	label	Biography information for Lord Young of Cookham

tabling member

2533

	label	Biography information for Lord Birt