Bank of England holds QE and rates ahead of inflation report

The Bank of England's Monetary Policy Committee (MPC) has voted to hold asset purchases and interest rates, as expected.

That's given the pound a boost against sterling, the second today after the good manufacturing data released earlier.

No change was expected as the MPC awaits the inflation report which is due to be released on 7 August.

As previously announced, the Committee will also respond to theChancellor’s request for its assessment of the use of thresholds and forward guidance at that time.