//
According to Bloomberg, sterling traded at 87.86p in fx trading at 08:18 BST on Wednesday (May 18th), not long before the report was published.
This represents a 0.3 per cent drop for the pound, which kept relatively stable compared to the dollar and the yen.
Speaking to the news provider, Rabobank International senior currency strategist Jane Foley said: "The pound could weaken. I think there will be a 6-3 vote, with the dovish contingent maintaining their concerns about the growth outlook."
She predicted the minutes would have a "dovish tone" to them.
The published report showed that the MPC members voted 6-3 to hold interest rates at their current 0.5 per cent level. This is the same result as in the April meeting.
Posted by Chris Weaver
