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Minutes of the Bank of England showed that the vote ended with a score of 8-1 in favor of maintaining the same size of the program QE £ 375 billion only one who called for expanding the program by £ 25 billion, was Miles. The solution is to leave the rate unchanged at 0.5% was unanimous. The Bank expects that the bad weather will affect the cost of food, and will further reduce the amount of GDP in Q4 2012.
The pound rose for a mark of 1.6300 (for the first 2 months) and a weaker dollar helped statement of rating agency Fitch on the possibility of a downgrade the U.S. AAA if the "financial cliff" still happen. Later the pair GBP / USD retreated from 1.6305 high and is currently trading around 1.6295.
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