BoE: Vote on further QE could be quite close

Tonights MPC meeting is expected to keep QE on hold at GBP375 billion but after a 6-3 vote last time, it might be even closer this time around.

The banking crisis in Cyprus might just be enough to persuade the committee to inject a bit more into the economy? I’m sticking with my bearish GBP short-term stance and will sell any cable rallies back towards 1.5250/80.