The Bank of England (BOE) And Public Inflation Expectations

The quarterly survey conducted by the Bank of England (BOE) showed that the public's expectations in Britain for inflation over the coming surged.

Key takeaways

 

UK public inflation expectations for the coming year 4.9%.

UK public inflation expectations for 12 months after that are 3.2%.

UK public inflation expectations for 5 years' time are 3.1%.

Net public confidence in BOE-7% vs -3% in May.

UK public's year-ahead inflation expectations highest since the survey began in 1999.

 

Market reaction

The pound fails to pay any heed to the BOE survey, with GBP/USD keeping its range around 1.1525, down 0.07% on the day.