BANK OF ENGLAND DOES NOT INTERVENE IN MONEY MARKET
The Bank of England said it did not
operate in the money market during the morning.
    Initially, the bank forecast a liqudity shortage of some
300 mln stg for the market today.
    Overnight interbank sterling traded at the 11-1/4 1/8 pct
level for most of the morning while period rates have eased on
the strength of sterling, dealers said. At 1200 gmt, sterling's
trade-weighted index was up 0.6 at 72.7.
 REUTER
