FX boosts UK derivatives values
Bank of England data for second quarter shows 33% rise in FX derivatives values at UK banks
The gross mark-to-market value of all derivatives contracts held by UK banks rebounded in the second quarter, ticking up for the first time since the first quarter of 2016.
Bank of England data shows total gross derivatives assets and liabilities at £4.9 trillion ($6.4 trillion) at the end of June, up from £4.7 trillion in the previous quarter – a 3% jump.
The growth was driven by higher values for foreign exchange derivatives, which rose 33% quarter-to-quarter to £1.5 trillion, from £1.1
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