Citi and YouGov surveys show a decrease in UK inflation expectations, easing pressure on the Bank of England to raise interest rates

A survey by Citigroup and YouGov found that the UK's inflation expectations for the next year fell from 4.7% in May to 3.8% in June, with long-term inflation expectations dropping by 0.1 percentage points to 3.9%. The market's bets on the Bank of England raising interest rates have decreased.