Bank of England reinforces role of euro

Professional Adviser
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Despite the political bile being belched over the issue of whether to join the eurozone, fact is the ...

Despite the political bile being belched over the issue of whether to join the eurozone, fact is the Bank of England is already banking on the currency, and will continue to do so according to information released today regarding its next auction of euro bills. €900 million worth of bills are set for auction on Tuesday 15 January, and the money raised will be added to the foreign currency reserves of the bank. More than €3.5bn worth of euro bills are held with maturity dates between now and June this year.

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