However, James Lynn, co-CEO and co-founder of Currensea has suggested some would-be holidaymakers may want to hold off exchanging their money for now.
He Express.co.uk: It may be tempting to change back leftover travel money, or even 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 over purchasing or exchanging and holiday money. Once we are allowed to travel again, this will signify the end of the COVID bump and I anticipate this will mean the pound has improved even more significantly than the level it is at today.
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George Vessey, UK currency strategist for Western Union Business Solutions said: “The Bank of England s (BOE) rejection of early implementation of negative interest rates gave the British Pound a boost last week and sent GBP/EUR to its highest level since May last year.
“The rapid vaccine rollout in the UK is also deemed GBP positive along with overall improved global risk appetite.”
“It remains to be seen whether the rapid distribution of vaccines will continue to protect the pound from the UK s negative current account and trade uncertainties, but so far GBP/USD has consolidated above $1.37, potentially primed for a move above $1.38 this week, whilst GBP/EUR remains atop €1.14 this morning.
Ski resorts in Bulgaria are among the few in Europe that have reopened during the pandemic, but how do they compare to their Alpine cousins for a family ski holiday?
Ski resorts donât come much cheaper than Bansko in Bulgaria. So said the annual Post Office Travel Money family ski resort survey, before the coronavirus pandemic forced resorts around the world to close last season. And with our two large beers costing 14 BGN (£6) at Happy End at the foot of the slopes, my husband and I were inclined to agree on our visit to the budget-friendly bolthole.
The Eastern European resort, which regained its position as Europeâs best-value family ski resort from Italyâs Bardonecchia in the Post Officeâs last report, has long been a byword for low-cost ski and snowboard holidays, with wallet-friendly lift pass and lesson prices the French and Swiss can only dream of.Â
The Post Office has reported a 17% year-on-year increase in total network income, posting £66.3m in sales, for the peak Christmas period from 30 November to 27 December 2020. The company said its network availability was in line with the same period last year despite the pandemic, with 11,450 branches open, totalling more than 99% of the network. In addition, footfall was consistent with the same period last year, with 51.3 million customer transactions during
How to plan a bargain break in 2020 (and where to go) Sterling has strengthened - but that s not all you need to know about booking a budget-friendly holiday this year. At this time of year, many people will be brightening up the dark winter days by booking a getaway they can look forward to. And the good news for UK holidaymakers heading overseas is that some could see their spending money go further this year, as sterling has strengthened against several currencies compared with a year ago. According to research from the Post Office in January, 34 of its 40 bestselling currencies had weakened against sterling compared with a year earlier, including the euro and the US dollar.