The results of the latest Bank of England (BOE)/ TNS Inflation Attitudes Survey were out last minutes, with the key findings found below.
UK public inflation expectations for the year ahead 2.4% in May vs 2.7% in Feb.
UK public longer-term inflation expectations fall to 2.7% vs 2.9%.
This quarterly survey, conducted by TNS on our behalf, assesses public attitudes to inflation, opinions about the Bank and awareness of our work.
Market reaction
The above survey has little to no impact on the pound, as GBP/USD remains pressured below 1.3900. At the time of writing, the cable drops 0.25% to trade at 1.3885, having reversed a dip to multi-week lows of 1.3856.