Following yesterday's news of disinflation, the BoE have voted against another interest rate hike, keeping rates at 5.25%, bringing the streak of 14 successive hikes to an end.

The vote was won on a knife edge of split decision, with the 4 policy members voting in favour of a rate hike being overruled by the 5 voting to keep rates unchanged.

As a result, sterling has seen further decline in the markets, with GBP/USD sliding down into the mid 1.25's, and GBP/EUR now toward the bottom end of the 1.15's.


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