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Pound euro exchange rate 'treads water' - how Budget could impact travel money | Travel News | Travel

At the moment many Britons are unable to travel under the currency lockdown restrictions which state travelling for leisure is “illegal”.
However, with the Global Travel Taskforce set to be reinstated within the coming months, there is hope ahead for holidays.
easyJet and Skyscanner have already reported a surge in bookings for the summer months after the Prime Minister suggested some international travel may go ahead from May if the Global Travel Taskforce deems it safe and possible.
In anticipation, some hopeful holidaymakers may be looking to take advantage of the current rates and swap money in advance.
James Lynn, co-CEO and co-founder of travel card Currensea, explained: It may be tempting to take out foreign currency in anticipation of a future holiday, while the exchange rate is favourable. ....

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Pound euro exchange rate maintains growth thanks to 'strong vaccine' roll-out 'pace' | Travel News | Travel

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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. ....

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Pound euro exchange rate to see 'bullish' push back after 'struggle' to hold position | Travel News | Travel

“With December’s number rounding out the retail environment for 2020 the trends are clear for all to see; record declines for clothing, fuel and department stores with record increases for food stores and online shopping.
“With lockdown extending into January and beyond, the typical New Year sales impulse are likely to be absent from any upcoming numbers.
We must also take noises from international businesses on supply chain delays as a result of the new trade rules of Brexit seriously.
“Consumption is crucial for the UK economy, but the current environment makes it very difficult to contribute positively to growth making for a bleak start to the new year for the retail sector.” ....

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