Part of Oral Answers to Questions — Prime Minister – in the House of Commons at 12:00 am on 3rd May 1983.

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Photo of Mrs Margaret Thatcher Mrs Margaret Thatcher The Prime Minister, Leader of the Conservative Party 12:00 am, 3rd May 1983

The right hon. Gentleman is well aware of the rules of intervention and exactly how it is done. The Government intervene only to keep an orderly market or to stop sudden and volatile changes. The Government can never intervene to defend a specific rate. As to forecasts, the pound could rise a good deal yet without affecting export forecasts.