By Tom Higham

The Bank of England (BoE) have just released their latest set of minutes which show that the central bank have voted unanimously 9-0 in favour of keeping rates on hold and also keeping the Quantitative Easing programme on hold. The Bank stated that there was a discussion on whether to keep the QE programme on hold or not but the view that rising inflation would not be helped with more funds being pumped into the economy.

Also released this morning has been the UK unemployment which were marginally worse than expected. As a result Sterling has lost ground off the back of both these data releases. Sterling is down against most the major currencies including the US Dollar, Euro and Swiss Franc.

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