BoE Survey: UK public inflation expectations for coming year at 3.6% in August vs. May’s 3.5%

Dhwani Mehta FXStreet

According to the quarterly survey conducted by the Bank of England (BoE), UK public inflation expectations for the coming year are seen at 3.6% in August, compared with a 3.5% figure predicted in May.

Additional findings

UK public medium-term inflation expectations are 2.9% in August (May: 3.0%).

40% of UK public say best for economy if interest rates go down, the highest share since 2008.

33% of UK public say best for them personally if rates go down, the highest share since 2008.

UK public net satisfaction with BoE controlling inflation falls to a new record low of -21%.

Market reaction

At the time of writing, GBP/USD is holding the recovery gains around 1.2425, adding 0.22% 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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