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According to Reuters, the pound fell to a session low after the announcement, dropping by over half a cent to $1.6764 against the dollar.
Before the news, it had been priced at $1.6820.
The euro rose from 88.75p to 89.09p against the British currency after it emerged that there was a three-way split decision on whether the MPC's quantitative easing initiative should be altered.
Seven of the committee's nine members approved a £25 billion extension, while one called for a £40 billion rise and another wanted no change.
It will announce a decision on whether to make further alterations to quantitative easing when it reconvenes next month.
A decision will also be made on whether to alter the base rate, which it maintained at 0.5 per cent in November.
Posted by Chris Weaver
