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Pound to euro exchange: Sterling recovers 'losses' after 'rollercoaster' ride yesterday | Travel News | Travel

| UPDATED: 10:04, Wed, Mar 17, 2021
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After a poor start to the week, the pound yesterday recovered from its earlier losses as it bounced back towards the 1.17 mark. Today, at the time of writing, it has surpassed this mark. What does this mean for your travel money? ....

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Pound euro exchange rate loses strength ahead of BoE policy - travel money advice | Travel News | Travel

Pound euro exchange rate loses strength ahead of BoE policy - travel money advice | 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.

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Pound euro exchange rate 'uninspiring' as Brexit 'uncertainty' returns - travel money tips | Travel News | Travel

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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Pound euro exchange rate: GBP remains boosted thanks to vaccine - travel money latest | Travel News | Travel

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What s more, he said the future was too uncertain to know whether holidays would go ahead by the summer.
However, people travelling for essential reasons are able to travel to some destinations.
Furthermore, many would-be holidaymakers may be looking to switch their foreign currency back to pounds if their plans have now been cancelled.
Post Office Travel is currently offering a rate of €1.0976 over £400, €1.1135 for over £500, or €1.1099 for over £1,000.
Despite the favourable rates, one foreign currency expert suggests now may not be the time to switch euros back into pounds.
Map of European currencies (Image: DX)
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James Lynn, co-CEO and co-founder of Currensea told 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. ....

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Pound euro exchange rate may 'give way' amid lockdown economic hit warn experts | Travel News | Travel

“The escalating COVID-19 wave has taken its toll on countries worldwide.
“The economic impact has already proven devastating, but the longer nations remain in lockdown, the deeper the economic scars could be.
For this reason, central banks and governments are expected to continue supporting where possible, making each policy meeting ultra-important and a possible key trading point in currency markets.
“The Euro staged a huge climb against the US Dollar last year adding to the deflationary pressures on European economies that have tipped back into recession.
Map of European currencies (Image: DX)
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“The ECB is expected to leave policy unchanged, but focus will be on forward guidance and the assessment of the economic recovery.” ....

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