The quarterly survey conducted by the Bank of England (BoE)/ Ipsos showed on Friday that the public's expectations in Britain for inflation for the coming year inched a tad lower.
Key takeaways
Median public inflation expectation for the coming year is 4.8% in Nov vs 4.9% in Aug.
Median public inflation expectation for 1-2 years 3.4% in Nov vs 3.2% in Aug.
Median public inflation expectation for 5 years 3.3% in Nov vs 3.1% in Aug.
Net public satisfaction with BoE control of inflation -12 in nov vs -7 in Aug.
Market reaction
The Pound Sterling is unperturbed by the BOE survey findings, with GBP/USD keeping its range at around 1.2240, up 0.10% on the day.
