Results of the monthly poll now out 21 Dec
- long-term expectations 3.0% vs 2.8% prev in Nov
- short-term public inflation expectations broadly steady at 2.4% vs 2.36% but below BOE f/cast of 2.7% yy by end of 2017
Highest long-term reading since Sept 2014
The 60 bps rise in long-term inflation expectations since July mirrors similar uptick in market based measure and is a sign of normalization, although it's unlikely to trigger BOE policy normalization due to the start of the Brexit process.
Not price moving info but one for general filing with UK inflation projected to head a lot higher next year.
GBPUSD currently 1.2367 with GBPJPY and EURGBP plays both having an influence.