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Interest rate cut now on the cards as the pound takes another leg down

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Interest rate CUT now on the cards, say analysts, as pound falls to two-year lows after shock data shows UK economy shrinking Raising of rates ‘increasingly out of kilter with economic reality’ economist says The pound has fallen to $1.208 versus the dollar and €1.077 against the euro Pressure on Bank of England to join US and … Read more

MIDAS SHARE TIPS: Tablets and debit cards… how Morses is taking doorstep lending upmarket

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Simple touch: Morses Club agents use tablets to make form-filling easier Doorstep lenders are a controversial bunch, often criticised for charging too much and harassing late-payers.  Their reputation has been further tarnished by high-profile revelations about payday lenders, offering fast bucks online but forcing borrowers to pay extortionate amounts of interest in return. The payday market … Read more

Mastercard bans conversion con on its prepaid cards

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Mastercard bans a conversion con on its prepaid cards which strips millions of pounds a year from British travellers Tourists are routinely offered a chance to pay in their ‘home’ currency  This process is called ‘dynamic currency conversion’  Such conversion rates are expensive, as the Mail on Sunday warned last week  By Laura Shannon, Financial … Read more