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Reuters reports session highs for the pound against the dollar, which traded at $1.565 after the minutes showed that no policymakers wanted to increase quantitative easing (QE) measures.
Before the release - at 09:30 BST - it had fallen to a three-week low versus the US currency due to speculation that the minutes could have shown a three-way split between committee members.
Speaking to news agency, Investec economist Philip Shaw said the tone of the minutes suggests the committee is "firmly in neutral mode".
"We would not rule out a further expansion of QE, but it is more likely that policy will be kept on hold with an increase in Bank rate sometime early next year," he added.
Forex traders had shied away from the pound yesterday after data was released showing that UK inflation was above the three per cent mark for the seventh consecutive month.
Posted by Chris Weaver
