UK long-run inflation expectations hit record 4.8% - Citi/YouGov – by anilpanchal7 UnitedKingdom Inflation GBPUSD RiskAppetite BOE
ngland's 2% inflation target, a monthly survey from Citi and YouGov showed on Wednesday, reported Reuters.
The survey also mentioned that the public expectations for inflation over the coming 12 months rose to 6.3%.The survey fails to impress GBP/USD buyers amid broad US dollar upside, mainly due to the risk-off mood, as well as the political pessimism in the UK.GBP/USD Price Analysis: Downside momentum loss to support cable, 1.1650 a critical hurdle
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
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