The UK public’s expectations for inflation for the year ahead fell in November and December, the latest survey conducted by US bank Citi and polling firm YouGov showed on Monday.
Key takeaways
UK inflation expectations for the twelve months ahead fell from 4.2% in October to 3.9% and 3.5% in November and December respectively.
UK inflation expectations for the long term declined to 3.4%.
Market reaction
GBP/USD is little affected by the falling UK inflation expectations, holding steady at around 1.2700, as of writing.
Pound Sterling price today
The table below shows the percentage change of Pound Sterling (GBP) against listed major currencies today. Pound Sterling was the strongest against the US Dollar.
| USD | EUR | GBP | CAD | AUD | JPY | NZD | CHF | |
| USD | 0.00% | -0.07% | -0.07% | -0.19% | -0.12% | -0.10% | -0.05% | |
| EUR | 0.01% | -0.05% | -0.05% | -0.17% | -0.09% | -0.09% | -0.04% | |
| GBP | 0.06% | 0.06% | -0.02% | -0.13% | -0.04% | -0.04% | -0.01% | |
| CAD | 0.08% | 0.07% | 0.01% | -0.11% | -0.03% | -0.02% | 0.03% | |
| AUD | 0.20% | 0.18% | 0.12% | 0.12% | 0.08% | 0.09% | 0.12% | |
| JPY | 0.13% | 0.11% | 0.19% | 0.04% | -0.08% | 0.00% | 0.06% | |
| NZD | 0.10% | 0.11% | 0.04% | 0.03% | -0.09% | -0.02% | 0.04% | |
| CHF | 0.07% | 0.06% | 0.00% | 0.00% | -0.12% | -0.04% | -0.03% |
The heat map shows percentage changes of major currencies against each other. The base currency is picked from the left column, while the quote currency is picked from the top row. For example, if you pick the Euro from the left column and move along the horizontal line to the Japanese Yen, the percentage change displayed in the box will represent EUR (base)/JPY (quote).
Source: https://www.fxstreet.com/news/uk-inflation-expectations-for-12-months-ahead-fell-to-39-in-nov-and-35-in-dec-citi-yougov-202401290636