FTSE remains buoyant despite MPC minutes release

<p>The FTSE 100 has increased in trading despite the release of the latest Bank of England’s Monetary Policy Committee minutes. </p>

One member of the Bank of England's Monetary Policy Committee (MPC) wants to increase the programme of asset purchases.

Minutes of the latest MPC meeting were released today (September 19th) and they show how the nine-member group did not share the same opinion about how to improve growth in the UK.

However, the other eight people thought it was a straight-forward decision to continue on the path already agreed upon in previous months.

"Some of these members felt that additional stimulus was more likely than not to be needed in due course, while others saw the risks to inflation … as being more balanced," the minutes revealed.

By the end of November, £375 billion will have been pumped into the economy through quantitative easing (QE).

However, investors do not seem to be unduly worried by the revelation, as the FTSE 100 is up 9.3 points to an index value of 5,877.46 as of 10:43 BST.

Find the latest spread betting strategies for the FTSE 100 at City Index.

Build your confidence risk free
Join our live webinars for the latest analysis and trading ideas. Register now

StoneX Financial Ltd (trading as “City Index”) is an execution-only service provider. This material, whether or not it states any opinions, is for general information purposes only and it does not take into account your personal circumstances or objectives. This material has been prepared using the thoughts and opinions of the author and these may change. However, City Index does not plan to provide further updates to any material once published and it is not under any obligation to keep this material up to date. This material is short term in nature and may only relate to facts and circumstances existing at a specific time or day. Nothing in this material is (or should be considered to be) financial, investment, legal, tax or other advice and no reliance should be placed on it.

No opinion given in this material constitutes a recommendation by City Index or the author that any particular investment, security, transaction or investment strategy is suitable for any specific person. The material has not been prepared in accordance with legal requirements designed to promote the independence of investment research. Although City Index is not specifically prevented from dealing before providing this material, City Index does not seek to take advantage of the material prior to its dissemination. This material is not intended for distribution to, or use by, any person in any country or jurisdiction where such distribution or use would be contrary to local law or regulation.

For further details see our full non-independent research disclaimer and quarterly summary.