Malaysian developers to gain from pound uptrend

  • Economy Premium
  • Saturday, 14 Dec 2019

SINCE the 2016 Brexit vote, the United Kingdom (UK) has experienced enough upheavals. The pound has plummeted, the market has been fatigued by uncertainty, and outflows from the UK have been continuous. Now that the Conservative party led by British Prime Minister Boris Johnson has secured a sweeping victory in the UK parliament, perhaps some of that political uncertainty will dissipate, leading to a re-rating of its assets and equities.

Not surprisingly, the pound shot up as Johnson secured a solid majority in the UK elections Friday.

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