According to the quarterly survey conducted by the Bank of England (BoE), UK public inflation expectations for the coming year are seen at 3.6% in August, compared with a 3.5% figure predicted in May.
Additional findings
UK public medium-term inflation expectations are 2.9% in August (May: 3.0%).
40% of UK public say best for economy if interest rates go down, the highest share since 2008.
33% of UK public say best for them personally if rates go down, the highest share since 2008.
UK public net satisfaction with BoE controlling inflation falls to a new record low of -21%.
Market reaction
At the time of writing, GBP/USD is holding the recovery gains around 1.2425, adding 0.22% on the day.
