Toxic politics deters bargain hunters from UK assets
The England cricket team has just celebrated winning a world cup for the first time, reflecting four years of planning, hard work, persistence and the deft application of talent. International investors have long shunned, or in their parlance, “underweighted” the UK, according to various surveys since 2016. Not only have many foreign investors turned their backs, they are in no mood to step back in and buy UK assets when the likelihood is high that they can only become cheaper in local currency terms.