The latest survey of Decision Maker Panel (DMP) of Bank of England (BoE) showed on Thursday that “UK businesses’ expected one-year CPI inflation fell another 0.1 percentage point to 2.6% in the quarter to September.”
Key points
Expected one-year wage growth was unchanged at 4.1% on a three-month moving average basis in September.
Business uncertainty fell in the three months to September.
The survey is one of the most closely followed by members of the BoE’s Monetary Policy Committee (MPC).
Market reaction
The Pound Sterling extends sell-off due to UK corporate inflation expectations, as GBP/USD falls 1.15% on the day to trade near 1.3115, at press time.
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.
