The pound euro (GBP/EUR) exchange rate is rising after five days of losses.
The pound is rising after the BoE survey showed that inflation expectations remained elevated. Inflation expectations over 5 years held at 3.6%, the highest level since 2019.
Meanwhile, inflation expectations for one year fell, and expectations for one year dropped to 3.2%.
Attention is turning to the BoE rate decision next week, where rates are expected to be left unchanged.
The EUR is falling after industrial production fell -2.4% MoM in April, marking the first decline in four months.
German CPI was confirmed at 2.1%. Eurozone inflation data is due next week.
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