GBP/USD: Downbeat UK inflation expectations, housing data supersede Brexit news above 1.2300, Fed eyed – by anilpanchal7 GBPUSD BOE Inflation Brexit Fed
UK inflation expectations drop for the second month in a row, Mortgage Approvals slump to financial crisis era.Fed’s 0.25% rate hike is almost given but Chairman Powell’s play will be crucial to watch.
That said, a monthly survey conducted by Citi and YouGov showed on Tuesday that the 12 months ahead UK public inflation expectations declined to 5.4% in January from 5.7% in the previous survey. This was the second straight decline in the UK public's inflation expectations.
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