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Wednesday, March 20, 2013

BOE voted 6-3 to reject more QE.

 The Bank of England's monetary policy committee voted unanimously to keep interest rates on hold at a meeting earlier this month and 6-3 against more quantitative easing. As in February, Governor Mervyn King was among those wanting the bank to increase the program by another £25B to £400B. The pound jumped vs the dollar following the news and was +0.3% premarket. Next up very soon is the U.K.'s budget announcement.

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