Inflation in Euro area have falls to a survey low of 1.9% - JPMorgan

FXStreet (Bali) - According to the J.P. Morgan Inflation Expectations Survey, expectations for medium-term headline inflation in Euro area have fallen to a survey low of 1.9%.

Key Quotes

"Over 40% of survey respondents expect inflation to be below target over the medium term, almost double the number from the prior survey."

"Medium term inflation expectations in the US and UK are unchanged from the prior survey at 2.4% and 2.9% respectively."

"Investors’ perceptions of upside risks for inflation have fallen, particularly for the UK where now less than 50% see inflation above target in the medium term."

GBP/JPY pressing on 169.20 support

GBP/JPY has been a player overnight with topside tested before heavy supply taking the pair onto the ascending support line.
อ่านเพิ่มเติม Next