BoE MPC votes 7-2 to keep rates unchanged

In its latest monetary policy meeting, held this Thursday, the BoE MPC voted 7-2 in favour of leaving benchmark interest rate unchanged at 0.50%. 

There was no change in the votes that we saw previously and hence, the quarterly inflation report and the BoE Governor Mark Carney's post-meeting presser will be crucial in setting up market expectations for an August rate hike, which should eventually move the British Pound.

Meanwhile, it was a unanimous vote to keep asset purchase facility at £435 billion and corporate bond target at £10 billion.