Exchange Rates

(asked on 25th January 2018) - View Source

Question to the HM Treasury:

To ask Her Majesty's Government what is their assessment of the performance of sterling in the last 12 months, in comparison to the dollar, the euro and the yen.


Answered by
Lord Bates Portrait
Lord Bates
This question was answered on 5th February 2018

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.

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