04.11.2011 - UK currency reserves rise to $45.813bln in Oct
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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