Latest inflation expectation data from the BOE and GFK
- 2yr expectations 2.3% unch
- 5yr 2.8% unc
- Balance of interest rate expectations 45 vs 33 prior. Highest since May 2011
Inflation expectations are holding up among the general public and more are expecting rate hikes
After all that GBPUSD is softer by around 10 pips to 1.5430
