As expected the Bank of England has maintained interest rates at their record low of 0.50% and has voted to increase the size of its asset purchase programme, financed by the issuance of central bank reserves known as Quantitative Easing by £50billion to a total of £325 billion.

The Bank of England’s latest inflation and output projections will be published in the Inflation Report to be published at 10:30 on Wednesday 15th February and the minutes of today’s meeting will be published at 09:30am on Wednesday 22nd February.

The Pound currently trades at 1.19 against the Euro and at 1.58 against the US Dollar.