BOE/TNS November inflation expectations 3.2% vs 3.0% prior

The Bank of England releases its latest consumer inflation expectations

• Prior 3.0%
• Inflation two-year ahead seen at 2.8% (previously 2.9%)
• Inflation five-year ahead seen at 3.5% (previously 3.6%)
• 53% of public expect BOE to raise rates in the next year

The headline measures inflation expectations over the next 12 months. The longer-term inflation expectations are seen dipping slightly but again these are consumer expectations so they aren't really market moving data. Of note, the percentage of the public which is expecting the BOE to raise rates have dropped to 53% from 58% in August.

GBP/USD sits at 1.2748 currently just off the lows. EUR/GBP at 0.8917 off the highs for the day as well.