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U.K. Net Reserves Increase In February

The U.K. government net reserves increased by $746 million, bringing the end-February total to $46.84 billion, the HM Treasury said Monday.

At the same time, gross reserves rose to $98.93 billion from $96.38 billion a month ago.

The Bank of England's net holdings of foreign currency and gold increased by $3.73 million in February to $0.98 million compared with -$2.75 million at end-January.

by RTTNews Staff Writer

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