Latest interest rate policy decision now out 3 Aug

  • bank rate 0.25% as prev
  • asset purchase target GBP 435bln
  • vote 6-2 as exp vs 5-3 prev

GBPUSD down to 1.3185 on the news, now 1.3166. EURGBP rallies to post 0.9003

Also out the MPC Minutes:

  • Brexit - expecting smooth transition
  • 6-2 for unchanged rates & 8-0 for unchanged QE at GBP435B
  • TFS to be discontinued end of Feb 2018 (8-0)
  • MPC now expect two rather than one hike over forecast horizon
  • Currency depreciation effect seen having continued upward influence on inflation
  • Household consumption could be higher than assumed in May Report
  • Global economic buoyancy offsetting domestic uncertainty
  • McCafferty & Saunders voted for rate rise of 25bp
  • Trade off is seen eliminated over forecast horizon
  • All on MPC agree rise in Bank rate should be 'gradual' and 'limited'

Can't give you the link as the BOE site seems to have crashed. I blame the strikers. Power to the people !

Update: Link to full Minutes now here

Nick has the BOE inflation report here

Presser at 11.30 GMT here