LONDON, Aug 28 (Reuters) - The Bank of England on Thursday allotted a record 75.652 billion pounds ($102.20 billion) in seven-day funds in its weekly short-term repo operation, higher than a previous record of 74.225 billion pounds set in July.

The BoE has increasingly used its short-term repo operations as a way to provide banks with reserves as it runs down the stockpile of government bonds which it bought under its quantitative easing programme.

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($1 = 0.7402 pounds)

https://www.reuters.com/world/uk/bank-england-allots-record-7565-billion-pounds-short-term-repo-operation-2025-08-28/