- Miles and Posen wanted £75 bln boost, saw risks to supply capacity of economy
- Some others saw a larger QE sending wrong signal on the UK
- 9-0 vote to leave rates unchanged
- ECB LTRO reduced immediate risks to European banks
- BOE sees headwinds from tight credit, and weaker growth globally
- UK inflation likely to continue to ease
Cable’s got a bit of a kicking on that, i guess from Miles and Posen wanting more QE. The pair’s down to 1.5705 from 1.5775
