Exchange Rates
The question
To ask the Chancellor of the Exchequer, whether her Department has made an assessment of the potential impact of trends in the value of the pound since the UK left the EU on the UK economy.
Answered by Lucy Rigby
The government does not comment on specific financial market movements. The value of sterling is determined by a wide range of international and domestic factors. The Bank of England assesses the impact of financial market movements on the economy in its quarterly Monetary Policy Report - the latest can be found here.
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