UK finance ministry says no FX interventions made in June
[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
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Suzhou Industrial Park: The crown jewel of China-Singapore relations celebrates its 30th year
Top US Treasury official to travel to Singapore, Malaysia to discuss sanctions
Saudi Arabia posts budget deficit of US$3.3 billion in first quarter
Microsoft bets big on South-east Asia, pledges billions in AI and cloud investments
RBA to keep key rate at 12-year high as inflation stirs anew
EU chief says will urge ‘fair’ China competition in talks with Xi