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.”
Asked if the UK was heading for recession, PM Johnson said " not necessarily at all”.
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.
Author

Dhwani Mehta
FXStreet
Residing in Mumbai (India), Dhwani is a Senior Analyst and Manager of the Asian session at FXStreet. She has over 10 years of experience in analyzing and covering the global financial markets, with specialization in Forex and commodities markets.

















