BoE Leaves Rates/QE On Hold

As widely expected the Bank of England's Monetary Policy Committee today left UK interest rates on hold at 0.5%, and made no addition to the GBP200 billion asset-purchase program.

We won't know until the minutes of the meeting are released later this month, if any of the MPC wanted to add to last month's GBP25 billion increase in QE.

The pound is flat just under 1.63 against the dollar and around 1.1050 against the euro.