It might help to put this information up again.
There's a copy of the relative humidity (RH)/equilibrium moisture content (EMC) chart for most woods well down this page:
http://www.artisansofthevalley.com/ed_drying.shtml
There's a nice summary of the issue of moisture in wood too.
It varies a little for this for some species and with changes in temperature, but not by much. The bottom line according to the theory is that the percentage moisture content your wood (eventually) settles to is determined by the % relative humidity (%RH) - how much moisture there is in the air versus what it can hold when saturated.
Over here our annual average %RH is around 70% (and it stays fairly close to this outdoors on average winter and Summer - Devon probably won't be a lot different), so air dried wood in sheltered outdoor storage should eventually equilibrate to around 13% EMC as Roger says.
The complicating factor which most of you will be familiar with is that if you take air at a given % RH and heat it (as in a heated room in winter), the % RH drops rapidly as warmer air can hold more moisture.
So Winter air that outdoors was at 70% RH quickly drops to say 45% RH with central heating indoors. Which from the chart is equivalent to around the 8% EMC mentioned above.
There is on the other hand little or no heating indoors in Summer, so the %RH remains little changed from the 70% average outside - unless that is air conditioning/de-humidification is used. So the wood will try to move towards the above 13% EMC.
As before the process is slow (but is much faster in unsealed end grain - which is why ends can warp and split), even more so when the wood is sealed under a finish so in practice it seems the EMC doesn't vary all that much, and the resulting movement can be handled by appropriate design.
This is of course just the basic theory, there is of course a whole body of practical methods that have built up to deal with this situation in practice.
A well regarded book covering all this and more is 'Understanding Wood' by Bruce R. Hoadley from Taunton Press. (the US publishers of Fine Woodworking)