“As it stands, on the UK’s final morning as part of the EU, the pound sits at 1.188 – down 9 percent against the euro and down 11 percent against the US dollar compared to the day of the Brexit referendum back in June 2016.
“Throughout the course of Brexit negotiations and a change of Prime Ministers over the last three and half years, the pound has failed to return to pre-referendum rates.
“There is a lot of room for improvement needed for the pound to reach the heights it enjoyed before the referendum and the market will be watching closely to see what deals can be struck before the end of the year as they will undoubtedly influence what happens to the pound.”
The currency expert advised British travellers to monitor the exchange rate and be savvy when buying holiday money.
