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The UK's most expensive street outside of London has been revealed as East Road in Weybridge, Surrey, where houses cost an eye-watering £8 million on average11:01, 27 May 2025Updated 11:02, 27 May 2025St George's Hill has long been home to the super rich and famous(Image: Getty)A recent study has unveiled the UK's most prestigious residential areas, showcasing staggering property prices nationwide. Although London continues to top the charts, with Kensington boasting an average house price of a whopping £21.4 million on one street, there are also areas of immense wealth...

Yesterday ECB President Christine Lagarde gave a speech in Berlin. It was about how the euro could possibly replace the dollar as the dominant global currency in the future. The speech is worth reading, Commerzbank's Head of FX and Commodity Research Ulrich Leuchtmann notes. Euro may struggle to become the next reserve currency"Lagarde is right, in my opinion, when she says: 'A currency's exposure to trade is especially important, as it provides the initial pathway to wider international use.' Reserves are held so that, in the worst case scenario of...

US Dollar (USD) fell broadly against most currencies. DXY was last at 99.59, OCBC's FX analysts Frances Cheung and Christopher Wong note. Downside risks are seen"Safe haven including CHF, JPY and gold strengthened more at first in reaction to a CNN report that new intelligence suggests Israel is preparing possible strike on Iranian facilities. But as the session continued, other FX in the region (including THB, MYR, KRW) played catch-up on gains." "We reiterate that Moody’s downgrade comes as a timely reminder that a rise in budget deficit in the...

Banks, non-bank lenders and financial institutions may get to invest up to 10% in the corpus of alternate investment fund (AIF) schemes, in a relief for the sector that faced a central bank clampdown in December, 2023. There will be no restriction on regulated entities (REs) such as banks for investing up to 5% in the AIF scheme's corpus, Reserve Bank of India (RBI) proposed on Monday. However, if the AIF scheme invests in a company that has borrowed from the bank, then the RE must make full provision to...

Two of the largest banks in the US are reportedly locked in a legal battle over a $481 million commercial property loan. Wells Fargo is suing JPMorgan Chase, the largest back in the US, over accusations it greenlighted a real estate loan even though it allegedly knew that the financial statements were fraudulent, reports Reuters. In 2019, JPMorgan issued a loan to real estate development and investment firm Chetrit Group to finance the purchase of 43 multi-family buildings with 8,671 apartments across 10 states. Acting as the investors’ trustee, Wells...