Sterling and gilt yields jump as Carney votes against more QE

In Carney's (pictured) first meeting as governor, all nine MPC members voted against increasing asset purchases by another £25bn - the first time this year the vote has been unanimous. The comittee had previously been split 6-3 on keeping QE on hold, with former governor Mervyn King among those to vote for further asset purchases. Sterling jumped sharply against the dollar from below $1.51 to $1.524 immediately after the minutes were released, before moving back down to $1.52. That followed a sharp sell-off earlier in the morning as currency traders awaited the minutes. The yiel...