The inflation expectations of the British population cooled for the second consecutive month in Januarya monthly survey by Citi and YouGov showed Tuesday.
conclusions
The expectations of the UK population for the next five to ten years fell to 3.5% in January from 3.6% in December, just below the 3.0% to 3.4% range seen before the COVID-19 pandemic.
In 12 months ahead, inflation expectations fell to 5.4% in January from 5.7% in the previous survey.
The downward trend in UK population inflation expectations should further reassure the Bank of England that high prices will not be permanently embedded in expectations, Reuters reports citing the survey.
Market reaction
The pair GBP/USD remains lower after knowing the results of the survey, which fuel the moderate expectations of the Bank of England. The pair is trading at 1.2318, down 0.26% 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.
