The latest Bank of England (BoE) Decision Maker Panel (DMP) survey showed on Thursday that “one-year ahead expected CPI inflation by the UK firms dropped by another 0.1 percentage points to 2.6% in the quarter to September.”
Key takeaways
Expected year-ahead wage growth remained unchanged at 4.1% on a three-month moving-average basis in September.
Business uncertainty fell in the three months to September.
The survey is one of the most closely watched by members of the BoE’s Monetary Policy Committee (MPC).
Market reaction
The Pound Sterling sell-off extends on the UK businesses’ inflation expectations, as GBP/USD sheds 1.15% on the day to trade near 1.3115, at the press time.
Source: https://www.fxstreet.com/news/boe-dmp-survey-uk-firms-inflation-expectations-decline-to-26-in-september-quarter-202410030906