The BOE's minutes take on a bit more of a hawkish tone, indicating that some policy makers are moving closer to voting for an increase in interest rates, although all of them first want the slack in the U.K. economy to ease.
The minutes come after BOE Governor Mark Carney said last week that the economy had "edged closer" to a need for a rate rise. He has also identified the housing market, where prices have been rising sharply, as a major threat to stability.
The pound is +0.4% at $1.6913, while the FTSE is +0.1%. (PR)