09:12
Tieng Anh Vui
The pound has fallen to a three month low against the dollar, and analysts suggest it could weaken further.
The pound was trading below $1.50 against the US dollar at around $1.499.
The currency dropped sharply after markets were warned by the Bank of England not to assume the bank would start raising rates soon.
The statement came as the Bank held interest rates at 0.5% and kept its quantitative easing programme (QE) unchanged.
The decisions were made at the first meeting of the Bank's Monetary Policy Committee since Mark Carney took over.
Harry Adams, managing director of foreign exchange forecaster Argentex called the decision to release a statement alongside the interest rate announcement, despite there being no change in policy as "significant".
"This statement suggests that further quantitative easing is likely and interest rates will remain low for the foreseeable future," he said.
"Despite the recent improvement in economic data from the UK, the pound is being beaten up by global investors as the view is that the British currency will continue to offer very little return of interest.
"A three year low at 1.4230 could well be reached over the next couple of months."
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