UK Oct inflation expectations fall to lowest since June - YouGov


LONDON, Oct 30 (Reuters) - The British public's expectations for inflation over the next 12 months fell to the lowest since June, reversing a pick-up over the summer when fears of a no-deal Brexit rose, a survey by polling company YouGov for U.S. bank Citi showed on Wednesday.

Year-ahead inflation expectations dropped to 2.7% in October from 2.9% in September, while those for the next five to 10 years edged up to 3.1% from 3.0% but remained below their long-run average.

"We attribute at least some of the decline to the receding probability of a no-deal Brexit and thus lower risk of another sterling depreciation," Citi economist Christian Schulz said in a note to clients.

YouGov conducted the poll of 2,134 British adult on Oct. 20 and Oct. 21.

(Reporting by David Milliken)

((; +44 20 7542 5109; Reuters Messaging:

The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


More Related Articles

Sign up for Smart Investing to get the latest news, strategies and tips to help you invest smarter.