BoE DMP Survey: UK firms’ inflation expectations remain at 3.2% in the May quarter
|The latest Bank of England (BoE) Decision Maker Panel (DMP) quarterly survey released on Thursday showed that “one-year ahead expected CPI inflation by the UK firms remained unchanged at 3.2% in the quarter to May.”
Key takeaways
US trade policy remains one of the top three sources of uncertainty for UK businesses.
But the share of firms seeing that to be the case is now down to 12% (previously 22%).
70% of UK firms reported that changes to US trade policy would have no material impact on their business.
Firms' expected year-ahead wage growth now seen at 3.7%, down by 0.1% from before.
The survey is one of the most closely watched by members of the BoE's Monetary Policy Committee (MPC).
Market reaction
At the press time, GBP/USD is defending bids near 1.3570, up 0.05% on the day.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.