TELETRADER News
1/31, 10:13 AM
(Source: TeleTrader)
UK inflation expectations improve in January
Public inflation expectations for the United Kingdom saw consumer prices easing further in the coming years, according to a survey published on Tuesday by Citi and YouGov.
Expectations for 5-10 year inflation slipped in January versus December to land at 3.5%, with the 12-months ahead inflation seen declining to 5.4%. According to market estimates, the latest data shows that inflation won't get permanently entrenched in the British economy. UK inflation currently stands at 10.5%, per the December data.
The pound declined 0.29% against the dollar to sell for 1.23131 following the data at 10:11 am CET.