Marcus Ashworth

With gold having doubled since 2023, it’s properly profitable again for banks to offer full service, as it captures the whole value chain.

Gold bugs’ bankers take a step back in time

There is neither the incentive nor ability to finance the rebuilding of Britain’s affordable rental stock.

Britain forgot subsidised housing needs a subsidy

If experience over the last decade holds true, a too-strong euro is the last thing the euro area needs.
THE BOTTOM LINE

A strong euro isn’t what the doctor ordered

Global equities are in rude health, government bond yields are becalmed and oil is trading in line with its five-year average. The US dollar is the only casualty, losing ground against all of its peers in the past six months.

Markets are learning to keep calm and carry on

A trader working on the floor of the New York Stock Exchange. The US may no longer be as exceptional as previously thought, but it is still more attractive than anywhere else as a global investment conduit, says the writer.

There isn’t a practical alternative to US Treasuries

The ECB has so much hard work ahead if the euro area is to avoid another grim downturn.

For ECB rate cutters, the music is as important as the words

The Chancellor of the Exchequer Jeremy Hunt needs to intervene, if the FCA doesn’t backtrack. Otherwise, the UK will move out of step with other global regulators by holding UK firms to overly stringent oversight.

London watchdog’s name-and-shame plan is mad, bad and dangerous to the City

The Bank of Japan is ahead of the game, signalling this week that less emphasis will be placed on ensuring its medium-term inflation outlook has to be 2 per cent.

Central bankers’ 2 per cent inflation target regime should now be retired

The UK economic backdrop is becoming increasingly benign.
WEALTH & INVESTING

Sterling assets offer lucrative places to hide

The sharp appreciation of the US dollar through 2021 and much of last year caused a lot of problems in developed and developing countries alike; they will be thankful for the respite as the value of the greenback eases.  
THE BOTTOM LINE

The US dollar’s coming slide will be welcomed by the world