The Great Britain pound recovered today as the minutes of the Bank of England Monetary Policy Committee meeting showed that more policy makers voted for an increase of the interest rates than on the previous meetings.
The minutes showed that six members of the Committee voted to keep the rates unchanged, while three members voted for an increase of the rates. Andrew Sentance and Martin Weale preferred to increase Bank Rate by 25 basis points and to maintain the size of the asset purchase program at £200 billion. Adam Posen preferred to maintain Bank Rate at 0.5% and increase the size of the asset purchase program by £50 billion to a total of £250 billion.
GBP/USD rose from 1.5814 to 1.5868 as of 10:42 GMT today after it previously declined to 1.5768. GBP/JPY advanced from 130.08 to 130.34 after the earlier decline to 129.49.
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