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James Lynn, co-CEO and co-founder of travel card Currensea, warmed against this while travel abroad remains banned in the UK
He said: It may be tempting to take out foreign currency in anticipation of a future holiday, while the exchange rate is favourable. However, I would advise against this. Market movements are often more marginal in reality than they appear. Especially during this volatile time, it’s safer to keep hold of your money in your UK bank account than purchasing or exchanging for holiday money.
Pound euro exchange rate: During this volatile time, it’s safer to keep hold of your money (Image: Getty Imsges)