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UK finance ministry says no FX interventions made in June

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Britain's finance ministry said on Tuesday that it made no interventions in the foreign exchange market in June, the month when the country voted to the leave the European Union, triggering a slide in the value of the pound.

[LONDON] Britain's finance ministry said on Tuesday that it made no interventions in the foreign exchange market in June, the month when the country voted to the leave the European Union, triggering a slide in the value of the pound.

In a monthly statement, the finance ministry said the government's net foreign currency reserves rose by US$1.6 billion in June to US$39.6 billion. Valuation effects accounted for all of the increase.

REUTERS

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