FXstreet.com (Barcelona) - Pound's decline from Asian session high at 1.6595 has extended to levels below 1.6450, as the Pound approaches levels at 1.6400 immediately after the Bank of England published the minutes of its Aug 5 and 6 meeting.

The Bank affirms that the decision to keep rates at all time low was approved unanimously, while the increase to GBP175 B billion on its quantitative easing program was approved by 6 to 3, with BoE's Governor Merving King, Besley and Miles in favour of a larger increment, to GBP200 B.

Furthermore, the Bank warned about the possibility of a weaker confidence could dampen economic recovery while affirming that downside risks to economy have receded.