Monday 29th November 1982
Tremors on Foreign Exchange Mkts but soon firmed up
M. Marc - Frenchman
Phoned Paddie [Paddie Walters]
Lawrence Prest + Co
John Wakeham on Yellow Peril - very accommodating to my arguments - particularly on withdrawing completely the upstream loan measures - since they couldn’t be identified in tax avoidance terms
Eddie G [Eddie George] + Peter M [Peter Middleton] - drop depositories for int + divi - Exchange Rate held and Interbank at 10½ just at limit of threat to Base Rates
EG said one way to stop flight of £ on election was to introduce exchange controls!! - trying it out
I told Eddie about Charles Goodhart (but not naming him) telling Marty Feldstein that we were on an exchange rate target - He protested but reported it