According to the quarterly survey carried out by the Bank of England (BoE), the Inflation expectations of British citizens for next year stand at 3.6% in Augustcompared to the 3.5% expected in May.
Medium-term inflation expectations are 2.9%
The British public’s medium-term inflation expectations are 2.9% in August (May: 3.0%).
40% of British citizens think it is best for the economy to lower interest rates, the highest proportion since 2008.
33% of British citizens think it is in their best interest to lower rates, the highest proportion since 2008.
The British public’s net satisfaction with the BoE’s control of inflation falls to a new historic low of -21%.
Market reaction
At the time of writing, the GBP/USD pair maintains recovery gains around 1.2425, adding 0.22% on the day.
Source: Fx Street
I am Joshua Winder, a senior-level journalist and editor at World Stock Market. I specialize in covering news related to the stock market and economic trends. With more than 8 years of experience in this field, I have become an expert in financial reporting.
