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.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.