Exchange Rates
(asked on 4th September 2017) - View Source
Question to the HM Treasury:
To ask Mr Chancellor of the Exchequer, what assessment he has made of the effect of the UK leaving the EU on the Pound to US Dollar exchange rate.
This question was answered on 12th 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.