Dollar

The pound has dropped following yesterday's general election, as a hung Parliament causes uncertainty on the currency markets. And with summer holidays on the horizon, many are asking if they should be buying travel cash now.

More than 147,000 borrowers are due a share of over £15.4 million after Dollar Financial UK (Dollar), trading as The Money Shop, Payday UK, Payday Express and Ladder Loans, lent many people more than they could afford to repay.

Bank of England governor Mervyn King warned of "a choppy recovery" for the UK economy today as he braced households for slower growth and stickier than expected inflation.

Brits heading to Spain and Portugal this summer will be buoyed by lower prices for holiday spending. But those visiting Egypt and the USA face hikes.

Currency specialist Travelex says it will provide the best-value overseas cash from a UK-wide bureau de change during three 'happy hour' sales, starting today at 4pm.