New British Prime Minister, Rishi Sunak, said on Tuesday that they are currently facing a profound economic crisis and added that he will place economic stability at the heart of government agencies, as reported by Reuters.

Additional takeaways

"I understand I have to restore trust."

"There will be difficult decisions."

"Will bring compassion to challenges we face."

"Won't leave next generation with debt to settle."

"We will have professionalism and accountability at every level."

"Will deliver 2019 mandate."

"Will build an economy that makes most of the Brexit opportunities."

"Ukraine war must be seen successfully to its conclusion."

Market reaction

The British pound showed no immediate reaction to these comments and was last seen gaining 0.45% on the day at 1.1325.