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1518483
registered interest false remove filter
date less than 2022-09-26more like thismore than 2022-09-26
answering body
Treasury more like this
answering dept id 14 more like this
answering dept short name Treasury more like this
answering dept sort name Treasury more like this
hansard heading Exchange Rates: Dollar more like this
house id 2 more like this
legislature
25277
pref label House of Lords more like this
question text To ask His Majesty's Government what assessment they have made of the main reasons for the long-term decline of the value of the pound against the US dollar. more like this
tabling member printed
Lord Birt more like this
uin HL2327 more like this
answer
answer
is ministerial correction false more like this
date of answer less than 2022-10-10more like thismore than 2022-10-10
answer text Financial market movements are determined by a wide range of domestic and international factors. It is not appropriate for the government to comment on specific currency market movements. The UK does not have an exchange rate target and the Government does not have a desired level for sterling – the price is determined by the market. 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. more like this
answering member printed Viscount Younger of Leckie remove filter
question first answered
less than 2022-10-10T16:33:17.59Zmore like thismore than 2022-10-10T16:33:17.59Z
answering member
4169
label Biography information for Viscount Younger of Leckie more like this
tabling member
2533
label Biography information for Lord Birt more like this