Goldman Sachs Says Buy U.K. Assets as Brexit Trade Deal in Sight

With politicians predicting that a post-Brexit trade agreement could be reached this week, Goldman Sachs Group Inc. strategists are telling investors to embark on a buying spree of abandoned U.K. assets.

Goldman strategists led by Sharon Bell cite expectations for next year’s economic revival and vaccine distribution among the reasons to buy the pound and U.K. stocks. A “thin” final free-trade deal may be achieved by the Dec. 10-11 European Council meeting, they said in a note on Tuesday, boosting the investment case for the long unloved assets.

The pound, which has lost about 10% against the U.S. dollar since ...