"Figure 7: Strengthening sterling depresses the value of UK foreign assets","" "Drivers to changes in UK foreign asset values, Quarter 1 (Jan to Mar) 2012 to Quarter 1 (Jan to Mar) 2019","" "","" "Notes","1. Excludes financial derivatives and reserve assets. 2. Q1 refers to Quarter 1 (Jan to Mar), Q2 refers to Quarter 2 (Apr to June), Q3 refers to Quarter 3 (July to Sept) and Q4 refers to Quarter 4 (Oct to Dec)." "Unit","£ billion" "","" "","Other changes","Currency changes","Price changes","Flows","Total change" "2012 Q1","70.8","-154.0","114.1","104.4","135.3" "","","","","","" "2012 Q2","98.3","-26.8","-64.0","-122.9","-115.4" "","","","","","" "2012 Q3","85.5","-140.9","51.0","-46.0","-50.4" "","","","","","" "2012 Q4","-69.1","40.4","79.5","-97.5","-46.7" "","","","","","" "2013 Q1","-114.0","311.3","122.8","-44.5","275.7" "","","","","","" "2013 Q2","-71.2","26.0","43.3","-39.6","-37.6" "","","","","","" "2013 Q3","48.2","-305.2","60.2","-157.4","-354.2" "","","","","","" "2013 Q4","-37.1","-108.8","118.4","-49.1","-76.6" "","","","","","" "2014 Q1","54.0","-46.9","-23.9","57.6","40.7" "","","","","","" "2014 Q2","66.2","-180.5","39.8","19.2","-55.4" "","","","","","" "2014 Q3","-74.5","82.4","50.2","70.0","128.0" "","","","","","" "2014 Q4","-88.4","105.0","72.6","-60.9","28.3" "","","","","","" "2015 Q1","111.0","-30.1","106.2","31.7","218.7" "","","","","","" "2015 Q2","92.7","-289.4","-20.6","-151.3","-368.5" "","","","","","" "2015 Q3","-121.9","272.4","-116.0","-26.3","8.1" "","","","","","" "2015 Q4","-88.6","70.2","86.4","-38.5","29.5" "","","","","","" "2016 Q1","-130.4","388.4","-38.7","-60.5","158.7" "","","","","","" "2016 Q2","-43.2","457.3","-15.8","143.4","541.8" "","","","","","" "2016 Q3","-92.6","295.9","53.3","-3.4","253.2" "","","","","","" "2016 Q4","-75.5","126.3","139.4","-60.2","130.1" "","","","","","" "2017 Q1","138.2","-55.8","41.0","114.4","237.8" "","","","","","" "2017 Q2","-62.3","-63.0","55.5","39.0","-30.8" "","","","","","" "2017 Q3","37.4","-121.4","58.5","112.7","87.2" "","","","","","" "2017 Q4","-52.3","-3.0","142.0","127.8","214.5" "","","","","","" "2018 Q1","7.2","-182.1","-59.4","84.2","-150.1" "","","","","","" "2018 Q2","-18.7","280.4","27.4","-57.1","232.1" "","","","","","" "2018 Q3","-52.3","67.3","110.8","-67.4","58.5" "","","","","","" "2018 Q4","-72.9","145.3","-209.1","114.5","-22.2" "","","","","","" "2019 Q1","37.9","-244.8","153.8","-8.7","-61.8"