Flash: Reflecting yesterdays BoE developments – Investec

FXstreet.com (New York) - Corporate Treasury Lee McDarby at Investec delves into the recent BoE decisions and reflects on yesterday’s outcome.

GBP receives boost

“Yesterday’s surprise 9-0 vote to maintain the current level of asset purchases disclosed in the minutes released from the last MPC meeting gave the GBP the boost it sorely needed.”

Now eighteen days into the job, Carney has already had an immediate impact at the BoE – “whilst it may appear the MPC is backing away from further QE, the unanimous vote more likely reflects the MPC moving to ‘stock take ‘mode at the new Governor’s first meeting.”