UK public inflation expectations for next year stand at 2.8% in May, falling from a figure of 3.0% projected in February, the Bank of England’s quarterly survey showed on Friday ( BoE).
Additional findings
The UK public’s inflation expectations for the next 12 months decline from 2.8% to 2.6%.
The UK public’s inflation expectations five years from now remain unchanged at 3.1%.
42% of the UK public believe it is best for the economy for rates to fall, the highest proportion since November 2008, up from 41% in February.
Market reaction
At the time of writing, GBP/USD is losing 0.32% on the day to trade near 1.2720.
Price of the Pound Sterling Today
The table below shows the percentage change of the British Pound (GBP) against the major currencies listed today. The British Pound was the weakest against the Swiss Franc.
| USD | EUR | GBP | JPY | CAD | AUD | NZD | CHF | |
|---|---|---|---|---|---|---|---|---|
| USD | 0.52% | 0.33% | 0.22% | 0.11% | 0.35% | 0.57% | -0.16% | |
| EUR | -0.52% | -0.18% | -0.27% | -0.42% | -0.18% | 0.04% | -0.67% | |
| GBP | -0.33% | 0.18% | -0.12% | -0.23% | 0.02% | 0.22% | -0.50% | |
| JPY | -0.22% | 0.27% | 0.12% | -0.12% | 0.13% | 0.32% | -0.37% | |
| CAD | -0.11% | 0.42% | 0.23% | 0.12% | 0.25% | 0.45% | -0.28% | |
| AUD | -0.35% | 0.18% | -0.02% | -0.13% | -0.25% | 0.20% | -0.51% | |
| NZD | -0.57% | -0.04% | -0.22% | -0.32% | -0.45% | -0.20% | -0.71% | |
| CHF | 0.16% | 0.67% | 0.50% | 0.37% | 0.28% | 0.51% | 0.71% |
The heat map shows the percentage changes of the major currencies against each other. The base currency is chosen from the left column, while the quote currency is chosen from the top row. For example, if you choose the British Pound from the left column and move along the horizontal line to the US Dollar, the percentage change shown in the box will represent GBP (base)/USD (quote).
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.
