Pound at two and a half year high against Euro
2 Jan 2015
The Pound has struck a two and a half year high against the Euro meaning Sterling is now at its most valuable in the Eurozone since July 2012.
Compared to this time 12 months ago, Sterling is up seven per cent, meaning Brits exchanging £500 receive an extra €40 (£31).
The news follows today’s announcement that the European Central Bank stands ready to pump money into the economy if the financial outlook fails to improve – leading the Euro to sink dramatically as investors lose confidence in the currency.
David Swann of Travelex comments: “Economic problems in the Eurozone are causing a ripple effect on currency meaning Brits are now able to buy more Euros for their Pounds.
This is great timing for those feeling the squeeze on their budgets following the festive period – and with January one of the most popular holiday booking periods, this is great news for the many Brits planning their next getaway.”
Those keen to lock in today’s exchange rate should top up their prepaid travel card, which will keep their currency safe and secure until their trip. Travelex’s Multi-currency Cash Passport can be easily purchased online or in store.