Written question asked by Charlotte Nichols (Labour) on Monday, 10 October 2022, in the House of Commons. It was due for an answer on Wednesday, 12 October 2022. It was answered by Andrew Griffith (Conservative) on Tuesday, 18 October 2022 on behalf of the Treasury.
Exchange Rates: Dollar
- Question
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To ask the Chancellor of the Exchequer, what steps he is taking to tackle changes in the value of Pound Sterling against the United States Dollar; and if he will make a statement.
- Answer
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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.
We continue to work closely with the Bank of England, Financial Conduct Authority, Debt Management Office and others to monitor markets.
Secondary information
- Type
- Written question
- Reference
- 59095
- Session
- 2022-23
- Subjects
- Exchange rates Dollar
- Link
- View this Written question on www.parliament.uk
Librarians' tools
- Timestamp
- 2022-10-18 18:40:35 +0100
- URI
- http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/59095
- In Indexing
- http://indexing.parliament.uk/Content/Edit/1?uri=http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/59095
- In Solr
- https://search.parliament.uk/claw/solr/?id=http://data.parliament.uk/writtenparliamentaryquestion/commons/2022-23/59095