Gilt Buying by Overseas Investors Rises to Most Since 2008
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Overseas investors boosted their U.K. government bond holdings by the most in more than three years in November as they sought refuge from the euro area’s sovereign debt crisis.
Net purchases climbed to 16.3 billion pounds ($25.5 billion), the biggest monthly increase in holdings since September 2008, according to Bank of England figures published today. That compares with net buying of 12.5 billion pounds the previous month, the data showed.