The U.K. government's gross reserves rose to $96.38 billion in January from $93.85 billion in December, the HM Treasury said Friday. At the same time, net reserves increased by $2.47 billion in January, bringing the end-January 2012 total to $46.09 billion compared with $43.62 billion at end-December 2011.
The Bank of England's net holdings of foreign currency and gold increased by $5.41 million to -$2.75 million at the end of January compared with -$8.16 million at end-December.
by RTT Staff Writer
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