UK PM Starmer: Longer this conflict more likely the potential economic impact

Sagar Dua FXStreet

United Kingdom (UK) Prime Minister (PM) Keir Starmer said during European trading hours on Monday that the administration is in continuous talks with international partners about what more we can do to reduce the economic impact amid the ongoing war in the Middle East between the United States (US), Iran, and Israel.

Remarks

We've done a lot of work to put some resilience into our economy over the last 18 months.

Talking to international partners about what more we can do to reduce the economic impact.

The longer this conflict goes on, the more likely the potential for an impact for economy.

Finance Minister Reeves talking to BoE every day to get ahead of any ‘on energy' prices.

I don't see the energy price cap changing since it goes to June.

We do need to find a way to de-escalate the situation in Iran.

Author

Sagar Dua

FXStreet

Sagar Dua is associated with the financial markets from his college days. Along with pursuing post-graduation in Commerce in 2014, he started his markets training with chart analysis.

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