A Cit/YouGov poll shows;
- 1-year ahead UK inflation expectations fell to 3.1% in May. That was the lowest level since July 2021.
- Long-term inflation expectations – 5/10 years ahead - fell sharply to 3.2% from 3.5% previously
The GBPUSD is trading just below its 100 and 200 hour moving averages at 1.2739 and 1.2730 respectively. The current price is trading at 1.2729.
