BoE Survey: UK public inflation expectations for year ahead decline to 2.7% in August

Dhwani Mehta FXStreet

UK public inflation expectations for the next 12 months are seen at 2.7% in August, a tad lower from a 2.8% forecast in May, the quarterly survey conducted by the Bank of England (BoE) and Ipsos showed on Friday.

Additional findings

UK public inflation expectations for 12 months after that 2.6% (previous: 2.6%).

UK public inflation expectations for 5 years' time 3.2% (previous: 3.1%).

Public confidence in boe +4 (previous: -4).

Market reaction

At the time of writing, GBP/USD is adding 0.16% on the day to trade near 1.3145, little affected by the survey findings.

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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