The Bank of England left rates unchanged as expected, but unexpectedly moved to increase the size of its asset purchase programme by some £50 bln.
Cable has slumped on the news, presently at 1.5060. Initial technical support at 1.5050/55
Personally feel the further quantitative ease is only going to help solidify early signs of economic stabilisation, and as such I don’t see it as much of a negative as others seem to.