The Bank of England released the minutes from the February meeting wherein it was revealed that the division on the issue of quantitative easing is still evident. Dove Adam Posen was joined by David Miles who voted to increase the last QE round by ?75 billion rather than ?50 billion in order to address their concerns of “considerable” spare capacity. While the dovish stance is negative for Sterling, ideally, in the long run it is bullish for equities. Read more