- UK PM Johnson sees a difficult period ahead for the economy
Market news
27 May 2022
UK PM Johnson sees a difficult period ahead for the economy
UK Prime Minister Boris Johnson voices his concern over the country’s economic outlook, in an interview with Bloomberg TV on Friday.
Key quotes
“See a difficult period ahead for the economy.”
“The UK can avoid a recession.”
“Do not want to see a return to 1970's 'wage-price' spiral.”
Market reaction
GBP/USD is trading around 1.2600, having hit a daily low of 1.2587 in the last hour. The spot is still up 0.07% on the day.
Market Focus
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