UK Prime Minister Boris Johnson voices his concern over the nation’s financial outlook, in an interview with Bloomberg TV on Friday.
Key quotes
“See a troublesome interval forward for the economic system.”
“The UK can keep away from a recession.”
“Don’t wish to see a return to 1970’s ‘wage-price’ spiral.”
Requested if the UK was heading for recession, PM Johnson stated ” not essentially in any respect”.
Market response
GBP/USD is buying and selling round 1.2600, having hit a every day low of 1.2587 within the final hour. The spot continues to be up 0.07% on the day.
