Trending
Vessey continued: Meanwhile, fear of AstraZeneca not being able to perform on the EU’s contracted vaccine delivery and British scientists warning the PM Johnson that the June deadline for total unlock may challenge sterling’s climb.”
International holidays are hopefully returning from May 17 if all goes to plan.
Holidaymakers looking to buy travel money should therefore keep an eye out for favourable exchange rates nearer the time.
Ian Strafford-Taylor, CEO at travel money specialist FairFX said: “With further clarity on travel restrictions set to be announced on April 12, people should start keeping a close eye on exchange rates and be ready to get their spending money when they’re on the up.
THE POUND to euro exchange rate hit a 10-month high yesterday, as the pound had continued to rise in value throughout the week. What does this mean for your holidays and travel money?
Trending
George Vessey, UK currency strategist, Western Union Business Solutions, also shared his insight on yesterday s performance.
“Sterling jumped to a 10-month high versus the Euro. breaching the key €1.15 handle after UK inflation data came in above forecasts. A splurge in spending for furniture, household goods and food drove inflation higher in January, whilst clothing and footwear prices remained subdued. The UK Consumer Prices Index (CPI) 12-month rate came in at +0.7 percent in January compared to +0.6 percent in December while beating expectations of a +0.5 percent print.
Pound euro exchange rate: GBP is expected to climb once again (Image: Getty Images)
Pound euro exchange rate: GBP rises again after testing €1 15 mark - travel money latest | Travel News | Travel express.co.uk - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from express.co.uk Daily Mail and Mail on Sunday newspapers.
THE POUND to euro exchange rate continues to rise at its trades well against the euro, experts have said. This comes after GBP hit nine-month highs on Monday. What does it all mean for your holidays and travel money?