On 3 November, US voters can shift the balance of power halfway through President Trump’s term. History and prediction markets point to Democratic gains, which would end unified government. We look at what that could mean for equities, bonds and America’s debt, and why other factors are likely to matter more than the result.

A change of Prime Minister can dominate headlines, but markets often care more about the institutions that outlast any government. This insight explores how fiscal rules, the OBR, the Bank of England and gilt investors shape what ministers can actually deliver, and why credibility matters more than political theatre.

Geopolitical tensions have once again placed energy markets at the centre of the investment landscape, with the recent disruption in the Strait of Hormuz triggering a sharp and uncertain oil shock. In this insight piece, we examine how today’s macroeconomic backdrop differs from previous crises, what history tells us about market reactions, and how we are positioning portfolios.

The last twelve months has thrown a wide variety of unpredictable events into the investment mix. Yet markets have appeared largely unfazed. In this insight piece, we outline how our investment philosophy guides long-term outcomes, how we build resilient portfolios, and our positioning across asset classes for the years ahead.

For the UK, the themes of low growth, weak productivity and sticky inflation converge at a pivotal policy moment as the government prepares its Autumn Budget. This insight piece examines why, even in a low-growth environment, markets and economies may continue to tell different stories.

The US Dollar's reserve currency status emerged from Bretton Woods, liberal markets, and institutional credibility. Today, rising US debt, politicised trade, and erratic policymaking noise have undermined confidence, prompting a gradual diversification toward other currencies and gold. We explore whether this marks a temporary setback or a structural decline.

Markets move on headlines, but portfolios are - or should be - built on principles. Our latest insight explores the rationale behind sweeping US tariffs, their global implications, and the risk of policy-driven stagflation. Investing isn't about anticipating every political move, it's about being resilient despite the uncertainty.

Every year brings fresh narratives, but the principles of sound investing remain unchanged. Our latest investment strategy insight piece explores our thoughts and positioning on US leadership, global diversification, and bond strategy. The challenge isn’t guessing the future - it’s being ready for it.

2023 was a volatile year for financial markets. Meanwhile, cash interest rates were reaching new highs, enticing bruised investors to sell-up and park funds in options like NS&I's 6.2% savings bond. One year on and that bond has now matured. Was NS&I’s savings bond better than staying invested? And given rising uncertainty in recent months, does cash make sense today?

As the 2024 US election cycle heats up, it's understandable that many investors are watching closely. After all, the policy platforms of the Democratic and Republican candidates can have meaningful implications when it comes to key economic issues like taxes, trade, regulation, and government spending. In this insight piece we consider whether the outcome matters for markets, and the possible impact on portfolios.