Foreign Investors Add to U.K. Gilt Holdings in August: ChartBy
Foreign investors boosted their holdings of gilts in August, reversing a decline from the previous month. August saw the Bank of England cut interest rates and reignite its quantitative-easing plan, pushing gilts to a return of 2.8 percent, based on the Bloomberg U.K. Sovereign Bond Index. Foreign investors had cut their holdings for the first time since February in July, the first full month following the U.K.’s decision to leave the European Union.
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