BoE Survey: UK public inflation expectations for coming year ease to 4.8% in November

The quarterly survey conducted by the Bank of England (BoE)/ Ipsos showed on Friday that the public's expectations in Britain for inflation for the coming year inched a tad lower.
Key takeaways
Median public inflation expectation for the coming year is 4.8% in Nov vs 4.9% in Aug.
Median public inflation expectation for 1-2 years 3.4% in Nov vs 3.2% in Aug.
Median public inflation expectation for 5 years 3.3% in Nov vs 3.1% in Aug.
Net public satisfaction with BoE control of inflation -12 in nov vs -7 in Aug.
Market reaction
The Pound Sterling is unperturbed by the BOE survey findings, with GBP/USD keeping its range at around 1.2240, up 0.10% 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.

















