Low inflation expectations in the UK | 31 May 2021

GBPUSD trading plan:

The British public's expectations for inflation in the year ahead cooled slightly this month, a fresh survey showed. Household expectations for price changes in the next 12 month eased to 2.7% from 2.8% in April, the survey from U.S bank Citi and pollsters YouGov showed. «As yet, the improving cyclical outlook doesn't seem have boosted expectations», - economists from Citi said. «Household inflation expectations remain well anchored in our view. Upside risks that had been evident earlier in the pandemic now appear to have eased», - they added. This is a neutral signal for the British currency.

Investment idea: range 1.4145 -1.4225.