Bank of England split on QE
28 July, 2011
CurrencyIndex
Minutes released this morning showed that the Bank of England were split on their quantitative easing decision this month – raising fears that there could be further action ahead.
One member of the committee even voted for an extra £40bn of asset purchasing this month.
The Pound has fallen on the back of this news, and with UK mortgage approval data out tomorrow, there could be further volatility ahead.
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