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Thursday, May 23, 2013

BOE minutes show King still favors QE expansion.

 Minutes from the Bank of England's latest policy meeting show the committee's vote to keep rates unchanged was unanimous while three out of nine members (including Mervyn King) voted to increase the size of the central bank's asset purchases by £25B. Sterling (FXB) moved 0.44% lower against the dollar following the release to a multi-week low.

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