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
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