Technical Analysis
BoE UK inflation expectations survey: 4.8% vs. 4.9% prior
Bank of England quarterly survey of inflation expectations.
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Median public inflation expectation for the coming year 4.8% in November vs
4.9% in August - Median public
inflation expectation for 1-2 years 3.4% in November vs 3.2% in August - Median public
inflation expectation for 5 years 3.3% in November vs 3.1% in August - Net public
satisfaction with Bank of England control of inflation -12 in November vs -7 in August
I mentioned earlier that market expectations have converged on a 50bp rate hike from the Bank of England next week and that this data was not expected to move the needle on GBP. Seems about right: