BoE Survey And Expectations Of British Companies For Inflation

The Bank of England’s (BOE) Decision Maker Panel survey of chief financial officers showed on Thursday, British businesses' expectations for consumer price inflation continued its rise in September.

Key takeaways

“British businesses' expectations for consumer price inflation in one year's time rose to 9.5% last month, up from 8.4% in August.”

“Businesses expected output prices to rise by 6.6% in the year ahead, up from expectations of 6.5% in August.”

Market reaction

GBP/USD remains vulnerable near 1.1300 amid risk-aversion, US dollar rebound and UK financial woes. The spot is down 0.19% on the day.