The Bank of England released its June meeting minutes:

• The BoE’s monetary policy committee voted unanimously to leave interest rates unchanged at their record low of 0.5% and quantitative easing at £375bn;
  
• The Bank of England policymakers were surprised that markets had not saw a higher chance of an interest rate hike in 2014;
  
• There are still concerns over weak growth in earnings and inflation;
  
• Some Bank of England policymakers said "the policy decision had become more balanced in the past couple of months than earlier in the year";
  
• “The more gradual the intended rise in Bank Rate, the earlier it might be necessary to start tightening policy”;
  
• "The economy was starting to return to normal. Part of that normalisation would be a rise in Bank Rate at some point".