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.
This article was written by Greg Michalowski at www.forexlive.com.
