BoE DMP Survey: UK firms see year-ahead CPI expectations sharply down to 4.8% in Aug

Dhwani Mehta FXStreet

According to the latest survey conducted by the Bank of England (BoE) Monthly Decision Maker Panel (DMP) on Thursday, the UK businesses reported year-ahead Consumer Price Index (CPI) inflation sharply lower at 4.8/% in August vs. 5.4% projected in July.

Additional findings

UK businesses see year-ahead output price inflation at 4.9% in 3 months to Aug, down 0.5 percentage points vs 3 months to July.

UK businesses see Aug 3-year-ahead CPI at 3.2% vs July 3.3%.

UK businesses see Aug year-ahead wage growth at 5.0% vs July 5.0%

Market reaction

GBP/USD remains pressured below 1.2500, last seen trading at 1.2467, down 0.30% on the day.

Author

Dhwani Mehta

FXStreet

Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

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