A poll from Citi/Yougov showed UK one-year inflation expectations ticking to 2.1% from 2.0%. It’s the first rise after six months of falling expectations.
The poll of the next 5-10 years shows expectations for 3.1% inflation from 2.9% in April.
Cable is slightly higher following the US PCE report. The reaction to this poll is nil but it could be a signal for cable to shorts to take a bit of profit into the weekend.