Travel

Pound to euro exchange rate: GBP plummets amid trade deal concerns


With UK-EU talks impending, what does this mean for Britons heading abroad?

The Post Office is currently offering €1.1305 for £400 or more, €1.1471 for £500 or more, or €1.1530 for £1,000 or more.

Meanwhile, despite recent lows, according to the Post Office sterling is still stronger against 80 percent of the 40 top currencies than it was a year ago.

Across the board, all 40 currencies are weaker than last summer.

For Britons hoping to bag a bargain holiday in Europe, Spain and Portugal remain two of the best destinations says the most up-to-date Post Office Worldwide Holiday Costs Barometer.

The report suggested that Corfu is the ultimate money-saving destination with the cost of meals and drinks deducing 20 percent in the last 12 months.

However, barometer reported that prices dropped throughout the eurozone.

Hungary is also a hotspot, with its capital city Budapest experiencing a boom in popularity amongst those seeking an urban escape.



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