UK short-term inflation expectations rise to 5.4% (prev. 3.3%) and long term expectations rise to 4.5% (prev. 3.6%) in March, via Citi/YouGov

The rise in UK short-term inflation expectations to 5.4% from 3.3%, along with the increase in long-term expectations to 4.5% from 3.6%, suggests a significant shift in market sentiment around inflation. This could raise concerns for the Bank of England regarding the potential for sustained inflationary pressure, possibly influencing future monetary policy decisions and market behavior across fixed income and currency markets.