March 24, 2020 / 10:28 AM / 4 days ago

UK banks' dollar demand rises to $3.555 billion: BoE repo operation

FILE PHOTO: Pound and U.S. dollar banknotes are seen in this illustration taken January 6, 2020. REUTERS/Dado Ruvic/Illustration/File Photo

LONDON (Reuters) - British banks’ demand for U.S. dollar liquidity from the Bank of England rose to $3.555 billion on Tuesday, the central bank said.

The figure was up from $5 million on Monday but lower than demand of $8.210 billion at a regular weekly operation on March 18, the most lent in a single operation since February 2009.

Writing by William Schomberg

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