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London Markets: The pound climbs above $1.37 and U.K. equities slip after Bank of England decision

The market gave a hawkish interpretation to the latest Bank of England rate decision, in which one member defected to the camp of wanting to end bond purchases immediately, and a majority said a rate rise could occur as early as this year.

The Bank of England voted 9-0 to keep interest rates at 0.1%, and 7-2 to maintain its bond purchase program. Dave Ramsden joined Michael Saunders to vote against the QE program, in a bit of a surprise.

The…

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