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Bank of England: policy unchanged

FXBAZOOKA.com  -  As it was widely expected, the Bank of England left monetary policy unchanged with a bank rate at 0.5% and QE at £375 billion pounds.

The markets will now be awaiting for the MPC minutes release on September 17 to see how did the 9 policymakers vote. Remember that August meeting minutes showed 2 members voted for an immediate rate hike, while other 7 didn't support the idea.

GBP/USD dipped to a new low of $1.6430 on the news, but recovered to $1.6450 rapidly. 


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