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- UK Public Inflation Expectations for 12 months ahead 6.1% vs. 6% prior
UK Public Inflation Expectations for 12 months ahead 6.1% vs. 6% prior
UK Public Inflation Expectations For 12 Months Ahead 6.1% vs. 6% previous, according to a survey conducted by Citi/YouGov.
Meanwhile, the poll suggested that the inflation expectations for 5-10 year ahead are seen at 4.2% vs. 4.2% prior.
Citi economist Benjamin Nabarro said, “data, especially the level of long-term expectations, still suggest a heightened risk that expectations could become de-anchored.”
“We see little in today's data that should provide a further impetus for an outsized 50bp move by the BOE,” Nabarro added.
Market reaction
GBP/USD is moving back and forth in a narrow range below 1.2650, at the mercy of the USD price action. The pair is trading at 1.2635, up 0.17% so far, at the press time.
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