Exchange Rates

(asked on 6th September 2017) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what steps they are taking, if any, to ensure that the pound sterling does not fall below parity with the euro.

Answered by
Lord Bates Portrait
Lord Bates
This question was answered on 18th September 2017

The UK has an inflation target, not an exchange rate target, and the government does not express a view on the level of the exchange rate. The value of sterling adjusts flexibly in response to economic conditions and market forces.

Reticulating Splines