Foreign Exchange Markets
On behalf of HM Treasury, the Bank of England manages the Exchange Equalisation Account, which holds the UK’s gold and foreign exchange reserves. As part of this role, it manages the issuance of foreign currency debt and has also recently carried out a series of gold auctions. Subject to policy objectives, these reserves may be used to attempt to influence the exchange rate.
For more information on the United Kingdom's Official Reserves of Foreign Currency and Gold see links on the left.
