Pound hits 16-month high against Euro


13 May 2014


  • Pound at best rate against Euro since January 2013
  • Compared to nine months ago, Brits exchanging £500 pocket an extra €39 (£30)

Brits planning a short trip to the Eurozone this bank holiday will see their budgets boosted, with the Pound hitting a 16-month high against the Euro. The Euro’s slide follows speculation that the European Central Bank will ease their monetary policy. The Pound has also been strengthened by investors anticipating a faster-than-expected economic recovery.

David Swann of Travelex comments: “The Euro’s slump is great timing for Brits planning a long weekend at the end of the month. In the last nine months, the Pound’s strength has increased by six per cent against the Euro, meaning an extra €39 (£30) for every £500 exchanged.”

Although having fallen back slightly, the Pound is still in a strong position against the US Dollar, with Brits receiving an extra $89 (£54) versus ten months ago.

Brits looking to make the most of their budgets can easily keep a close eye on exchange rates by using the Travelex Rate Tracker. It sends alerts when the user's chosen currency hits a low against the Pound, allowing them to cash in when the rate provides an advantage.

ABOUT TRAVELEX: 
Travelex is the world's largest foreign exchange specialist with almost 1,500 stores and 1,250 ATMs across 28 countries, at key airport, seaport, rail and tourist locations. Over 40% of travellers - 1.7 billion passengers a year - pass through airports where Travelex operates including the major gateways at Amsterdam, Beijing, Frankfurt, Hong Kong, London, Mumbai, New York, Paris, Sydney & Tokyo. Every hour, Travelex provides foreign currency to more than 2,000 customers.

https://www.facebook.com/TravelexUK?fref=ts
https://twitter.com/TravelexUK

For more information, please contact: 
Polly Goddard/Lucy Keogh - M&C Saatchi PR
travelex@mcsaatchi.com 0207 544 3623