Prices of U.K. government bonds surged and the British pound fell following the central bank announced that it would expand its so-called quantitative easing plan by GBP50 billion to a total of GBP175 billion. Analysts were split on whether the central bank would include even GBP25 billion to the program, under which it buys largely government securities with freshly established money.
http://www.fxstreet.com/news/forex-n...6-3108a30731ba
http://www.bankofengland.co.uk/publi...s/2009/063.htm