Question to the HM Treasury:

To ask His Majesty's Government what assessment they have made of the impact of recent fluctuations in the exchange rate of the pound sterling on the price of imports and exports.

Many factors have been relevant in driving movements in aggregate trade prices.

While movements in the exchange rate would likely have influenced these changes in trade prices, movements in broader global prices (such as energy and other tradable commodities) have been a far bigger factor in driving movements in aggregate trade prices.