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Title
Markets and operations.
Abstract
Reviews developments in sterling and global financial markets, the British market structure and the Bank of England's official operations since the publishing of the 'Winter Quarterly Bulletin.' Decrease in sterling rates since winter of 1998; Impact of a possible war on Iraq on the financial market; Expansion of the Bank of England's euro note program through the issuance of the first one billion euro tranche. INSETS: UK life insurance companies;Components of the Bank of England's balance sheet.