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Sovereign Wealth Funds Briefing - Categorized | Reserve Currencies

UK currency reserves rise to $45.813bln in Oct

Posted on 04 November 2011

The U.K.’s foreign-currency reserves rose to $45.813 billion in October from $44.425 billion in September, with currency movements accounting for most of the increase, according to Treasury data published Thursday.
Valuation effects–or changes in currency prices–added $1.248 billion to the net currency reserves held, while transactions against sterling adding a further $139 million, accounting for the $1.387 billion rise, the Treasury said………………………………………..Full Article: Source


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