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.