BOE: MPC voted 6-3 to extend QE by £50 bln

The MPC voted 6-3 to extend QE by £50 bln. King, Besley and Miles wanted an even greater £75 bln. The MPC agreed on the need for “substantial further asset purchases.”

Cable has been hit pretty hard by the news, falling swiftly to test technical support at 1.6400/10.