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A new survey of central banks suggests growing skepticism about the future of the US dollar and its role in the global economy. Analysts from the Official Monetary and Financial Institutions Forum (OMFIF) – an independent think tank organization concerned with central banking, economic policy and public investment – say there is a global shift away from the dollar and into other currencies, primarily the euro and the renminbi. In the 2025 edition of its Global Public Investor report, which surveys 75 central banks around the world, OMFIF says there...

The UK's most expensive seaside town has been named and the top spot has been swiped by a place three hours from London where you may bump into a celebrityA Lloyds Bank survey has revealed the most expensive seaside towns in the UK(Image: Getty Images)If you'd like to see how the other half live, then take a trip to sunny Sandbanks where millionaires live in luxury and high-end restaurants serve up premium feasts.According to LBC, a survey conducted by Lloyds Bank has named Sandbanks, a peninsular area in Dorset, as...

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...