By BridgeNews
London--Feb. 5--The Bank of England did not carry out any foreign exchange intervention on its own or the Treasury's behalf in January, the Treasury said Monday. The announcement came as part of its regular policy of announcing any interventions along with the publication of its official reserve figures. The official reserves data showed reserves up U.S. $16 million during the month.
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This brought the end January net reserves total to $13.718 billion compared with $13.702 at the end of December. Gross reserves rose to $45.718 billion from $48.147 billion.