MPC Minutes; Policymakers want to have more data

Bank of England released the minutes of last MPC meeting today. In a relatively rare case the members split three ways in the decision to keep interest rate unchanged. Timothy Besley wanted an increase, David Blanchflower a reduction, when other six members voted to no change.

Market interpreted the situation as a strong resistance in MPC's view against rising inflation. For the day the British pound reacted positively to the news.