The British public’s inflation expectations for the next 12 months edged lower to 3% in June from 3.1% in May, a poll conducted by Citi/YouGov showed on Monday, as reported by Reuters.
Further details of the survey’s findings revealed that inflation expectations for the next 5-10 years rose to 3.2% from 3%.
The GBP/USD pair extended its daily slide after this headline. As of writing, the pair was down 0.33% on a daily basis at 1.2292. Meanwhile, the UK’s FTSE 100 Index was up 0.68% at 6,200 points.