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Savers face more misery as interest rate cut looms… but mortgages could get EVEN cheaper By Hugo Duncan for the Daily Mail Published: 21:52 GMT, 15 January 2020 | Updated: 21:52 GMT, 15 January 2020 Long-suffering savers are braced for a further hit to their nest eggs as pressure mounts on the Bank of England … Read more
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
Brits rate holiday spots around the world for value, with Spain, Greece and Bulgaria coming top and Dubai at the bottom of the ranking In a survey, 87% of UK holidaymakers voted for Spain as being good value Greece and Bulgaria came joint second on the value front, with a score of 85% The city … Read more
FTSE CLOSE: Markets rally on hopes of US rate cut; FCA hits banks with clampdown on overdraft fees; Depressed pound edges up as Theresa May steps down The FTSE 100 closed up 1%, or 72 points, at 7,331.94 The FCA has banned banks from charging more for unarranged overdrafts The pound has edged up a little … Read more
Five-year fixed rate mortgages are nearly as cheap as two-year deals – but should you lock in for longer? Gap between two and five-year fixes shrinks to smallest margin in seven years 10-year fixed rates are also getting cheaper as lenders fight for customers Two-year fixed rates are still dropping but at a much slower … Read more
A new osteoporosis drug that can re-grow older women’s bones as fast as a teenager’s develop was approved by the Food and Drug Administration (FDA) on Tuesday. An estimated half of women in the US will break a bone due to the devastating bone-loss disease that turns limbs brittle. They are more at-risk than men … Read more