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- UK: Public inflation expectations for 12 months ahead fall to 5.7% in December from 6.1%
UK: Public inflation expectations for 12 months ahead fall to 5.7% in December from 6.1%
A monthly survey conducted by Citi and YouGov revealed on Wednesday that the British public's inflation expectations for 12 months ahead declined to 5.7% in December from 6.1% in the previous survey, as reported by Reuters.
Public inflation expectations for 5-10 years ahead fell to 3.6% from 3.9% previously, the survey further showed.
Finally, Citi said that the latest findings point to a moderating risk of a more embedded inflation through 2023.
Market reaction
GBP/USD edged lower from the daily high it set at 1.2087 and was last seen trading near 1.2050, where it was still up 0.7% on a daily basis.
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