Investing.com - Minutes from the Bank of England's most recent policy meeting released Wednesday showed that the Monetary Policy Committee voted unanimously to keep rates on hold and its quantitative-easing program unchanged.
The minutes showed all nine members were in favor of leaving the key interest rate at a record low of 0.5% and making no changes to the central bank's £375 billion asset-purchase program.
According to the minutes, a number of policymakers see rising inflation risks.
BoE Governor Mark Carney said last week that the decision to raise interest rates from record lows will come into sharper focus around the end of 2015, his strongest hint yet about the timing of the British central bank's next move.
Most market players expect the BOE to begin slowly raising interest rates in mid-2016.
GBP/USD was trading at 1.5614 from around 1.5625 ahead of the release of the data, while EUR/GBP was at 0.7002 from 0.7003 earlier.
Meanwhile, European stock markets held on to losses. London’s FTSE 100 shed 0.8%, the EURO STOXX 50 dipped 0.15%, France's CAC 40 declined 0.3%, while Germany's DAX slumped 0.3%.