Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Pastimes : Clown-Free Zone... sorry, no clowns allowed -- Ignore unavailable to you. Want to Upgrade?

To: pater tenebrarum who wrote (24932)	10/5/2000 2:47:20 PM
From: LLCF	Read Replies (1) \| Respond to of 436258

$41 million wiped off UK net reserves after euro buying spree The UK Government's net reserves fell by $41 million in September 2000, bringing the end-September total to $13,550 million (£9,166 million) compared with $13,591 million (£9,342 million) at the end of August, the Treasury has announced. On instructions from the Government, the Bank of England intervenes in the foreign exchange market by buying or selling the UK's foreign exchange reserves. Intervention was undertaken on 22 September, when the Bank purchased Euro 85 million against sterling as part of a concerted intervention by the G7 monetary authorities to prop up the falling euro. DAK