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.
Source: https://www.fxstreet.com/news/boe-survey-uk-public-inflation-expectations-for-year-ahead-decline-to-27-in-august-202409130859