The U.K.’s foreign currency reserves increased to $44.632 billion in July from $42.551 billion in June, with valuation effects accounting for most of the increase, according to Treasury data published Wednesday.
Valuation effects added $1.614 billion to the value of net currency reserves held, while transactions against sterling accounted for $468 million, resulting in a net increase of $2.082 billion in total net reserves……………………………………….Full Article: Source