The Rt. Hon. Sir John Major KG CH

Prime Minister of Great Britain and Northern Ireland 1990-1997

1990Chancellor (1989-1990)

Mr Major’s Written Parliamentary Answer on the Exchange Rate Mechanism – 12 June 1990

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Below is the text of Mr Major’s written Parliamentary Answer on the Exchange Rate Mechanism on 12th June 1990.

Mr. Austin Mitchell To ask the Chancellor of the Exchequer if he has made any assessment of the pound sterling’s subsequent movement in the bands had the pound sterling entered the exchange rate mechanism at the exchange rate prevailing on 1 January 1988, 1 January 1989 and 1 January 1990.

Mr. Major No.