The appointment of the new Chancellor of the Exchequer in the UK signals a "fiscal conservative" approach, and the pound index reaches a one-year high.

According to the Wise Finance APP, as the countdown to the handover of the UK Prime Minister approaches, the market's most anticipated suspense finally took a key turning point on Wednesday. Informed sources revealed that Andy Burnham, who is set to officially take office as Prime Minister next Monday, has decided to appoint current Home Secretary Shabana Mahmood as Chancellor of the Exchequer. This news quickly ignited market sentiment - the pound index rose 1% on Wednesday, reaching its highest level since July 2, 2025, and continued to hover near this high level during Thursday's Asian trading session.