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- UK public inflation expectations for 12 months ahead fall to 5.4% in March – Citi/YouGov survey
UK public inflation expectations for 12 months ahead fall to 5.4% in March – Citi/YouGov survey
The UK public's inflation expectations eased in March after edging a tad higher in February, a monthly survey conducted by Citi and YouGov showed on Monday.
Key takeaways
British public expectations for five to 10 years ahead slipped to 3.7% in March from 3.8% in February, still above the 3.0% to 3.4% range seen before the COVID-19 pandemic.
For 12 months ahead, the UK public inflation expectations eased to 5.4% in March from 5.6% in February.
Market reaction
GBP/USD is off the lows but remains pressured below 1.2300 amid the encouraging survey findings, which back the case for a Bank of England (BoE) rate hike pause. The pair is trading at 1.2290, down 0.34% on the day, as of writing.
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