BoE Survey: UK public inflation expectations for year ahead decline to 2.7% in August

UK public inflation expectations for the next 12 months are seen at 2.7% in August, a tad lower from a 2.8% forecast in May, the quarterly survey conducted by the Bank of England (BoE) and Ipsos showed on Friday.

Additional findings

UK public inflation expectations for 12 months after that 2.6% (previous: 2.6%).

UK public inflation expectations for 5 years' time 3.2% (previous: 3.1%).

Public confidence in boe +4 (previous: -4).

Market reaction

At the time of writing, GBP/USD is adding 0.16% on the day to trade near 1.3145, little affected by the survey findings.