Foreign Investors Reduce U.K. Gilt Holdings in July: Chart

Foreign investors cut their holdings of gilts for the first time since February in July, the first full month following the U.K.’s decision to leave the European Union. Despite the reduction, gilts have returned about 11 percent since the June 23 referendum, based on the Bloomberg U.K. Sovereign Bond Index, as investors anticipated increased monetary easing by the Bank of England.