The pound is trading about 16% lower against the dollar since the June 23 referendum decision to leave the EU
The central bank, which has come under heavy political criticism for its near-zero rates, sharply adjusted its view of when Britain's economy will feel the pain of June's referendum decision to leave the EU
Any perception that the central bank's freedom of action face threat would be a sharp negative for investors
Furse is likely to have to step down from the Financial Policy Committee as a result of the appointment
Until the end of June 2019, to help the smooth departure of Britain from the European Union
Data and surveys in the coming week will also give a steer on price and industry trends in the euro zone
The pound is still about 2 per cent higher than the 31-year low reached in the aftermath of Britain's vote to exit the European Union
Bank stocks gain on long-term inflation target; auto stocks continue to gain on GST
BoE cut interest rates 25 basis points to 0.25% and said it would buy 60 billion pounds ($79 billion) of government bonds
Sterling initially rose against the dollar but quickly fell to as low as $1.3112
Cuts benchmark rate by 25 bps to 0.25%; expands QE by 60 billion pounds and restarts bond purchases
Many market players also believe the BoE may resume its multi-billion-pound quantitative easing programme
A day after the central bank upset markets by not cutting rates
Says, it was likely to deliver stimulus in three weeks' time, possibly as a "package of measures"
Chances of rate cut have risen almost sevenfold since the EU vote