- BOE Survey: UK business inflation expectations rise in August
Market news
BOE Survey: UK business inflation expectations rise in August
The Bank of England’s (BOE) Decision Maker Panel survey of chief financial officers showed on Thursday, British businesses' expectations for consumer price inflation rose in August.
Key takeaways
Expected year-ahead annual output price inflation was 6.5% in the three months to august, up from 6.3% the previous month.
Over the next 12 months, firms expected unit cost growth to be 8.3%.
DMP members expected cpi inflation to be 8.4% one-year ahead, up from 7.3%.
Expected year-ahead employment growth was 2.2% in the three months to august, down from 2.4%.
Overall business uncertainty edged up in August.
Uncertainty relating specifically to the conflict in Ukraine and to Brexit also increased.
Market reaction
GBP/USD remains vulnerable near 1.1600 amid risk-aversion, US dollar strength and UK political woes. The spot is down 0.25% on the day.
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