Gilt yields and sterling rise on MPC minutes, unemployment fall
00:00, 17 July 2013
· By Sales Trading
So Mr Carney managed to persuade Bank of England MPC members to stop their calls for an extra £25bn of QE as suggested in today's morning update. A 9-0 vote to keep policy unchanged wasn't expected by the markets
A bigger than expected fall in unemployment by 21k and a larger than expected rise in average earnings all taken as positive signs that the economy is recovering.
GBP/USD currently finding resistance just above the 1.5230 level.