Home » Europe » Euro being sold at highest rate for over three years

0

Euro being sold at highest rate for over three yearsThe euro has been sold at a rate of 1.20 to the pound by leading bureaux de change for the first time in three and a half years, it has been revealed.

In what is encouraging news for tourists ahead of the upcoming holiday season, the jump means British travellers are getting 10 % more for their money than a year ago.

Chris Towner, from specialist foreign currency firm HiFx, believes the pound is only going to get stronger in the coming months.

He said: It is at very tempting levels, but sterling is still undervalued against the euro. It should reach 1 euro 27, or 1 euro 28, in the coming months. Richard Driver, at Caxton FX echoed Towner, claiming ‘it will reach 1 euro 30 by this autumn.’

Why not take advantage of this fantastic piece of news and enjoy a summer sojourn to one of the fine hotels in Barcelona,  the perfect base for a relaxing British vacation.

Image credit: Images_of_Money

 

Leave a Reply