Citi/YouGov: Inflation expectations for next year fell to 3.1% in May

A Cit/YouGov poll shows;

• One-year UK inflation expectations fell to 3.1% in May. This was the lowest level since July 2021.
• Long-term inflation expectations – 5/10 years ago – fell sharply to 3.2% from 3.5% previously

GBP/USD is trading below the 100 and 200 hour moving averages at 1.2739 and 1.2730 respectively. The current price is trading at 1.2729.

This article was written by Greg Michalowski at www.forexlive.com.