UK: Public inflation expectations for year ahead falls to 3% in June – Citi/YouGov survey

Eren Sengezer FXStreet

The British public's inflation expectations for the next 12 months edged lower to 3% in June from 3.1% in May, a poll conducted by Citi/YouGov showed on Monday, as reported by Reuters.

Further details of the survey's findings revealed that inflation expectations for the next 5-10 years rose to 3.2% from 3%.

Market reaction

The GBP/USD pair extended its daily slide after this headline. As of writing, the pair was down 0.33% on a daily basis at 1.2292. Meanwhile, the UK's FTSE 100 Index was up 0.68% at 6,200 points.

Author

Eren Sengezer

FXStreet

As an economist at heart, Eren Sengezer specializes in the assessment of the short-term and long-term impacts of macroeconomic data, central bank policies and political developments on financial assets.

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