UK PM Johnson: We have reliable supply chains for Christmas

The UK Prime Minister Boris Johnson offered conciliatory remarks in his speech on Tuesday, citing that “we have reliable supply chains for Christmas.”

Additional comments

“There have been shortages of lorry drivers around the world.”

“There are going to be difficulties as the economy wakes up.”

“We want wage growth and productivity to grow.”

“Rising wages are a good thing.”

Market reaction

GBP/USD is back above 1.3600, challenging highs on PM Johnson’s comments. The spot was last seen trading at 1.3612, almost unchanged on the day.