Pound euro exchange rate in ‘sluggish recovery’ after six-week low – travel money advice | Travel News | Travel
The pound to euro exchange rate dropped to “six-week lows” final week and is at the moment making an attempt to regain misplaced momentum. The finish of March noticed the forex pair soar to a “13-week high”, however this quickly dipped regardless of the success of the coronavirus vaccine rollout. The finish of final week, noticed the pound to euro exchange rate stay across the 1.14 mark.
You can solely travel overseas you probably have a vital motive, as set out by the Government.
The present roadmap out of lockdown will see basic travel resume on May 17 with a brand new visitors mild system in place.
Countries on the inexperienced record will probably be free to go to whereas amber nations would require 10-days of self-isolation.
However, regardless of the restrictions surrounding travel, there are nonetheless Britons with leftover overseas forex at residence.
So, what does the pound to euro exchange rate imply for travel money?
James Lynn, co-founder and co-CEO of Currensea stated exchanging travel money is a “gamble”.
He stated: “My advice for people worrying about travel money specifically is that this confusion will continue to affect the volatility of the pound, making exchanging cash a bit of a gamble.
“To save on fees and reduce uncertainty around FX rates, travel debit cards like Currensea are a safe option because there is no need to pre-purchase any currency upfront.
“Consumers can then spend safely in the knowledge that they won’t be hit with any hidden costs while abroad and have the best rates on the market.
“Ultimately, there is significant pressure surrounding the success of the Government’s vaccination scheme, across many industries not just travel.
“Arguably, if the vaccine programme is working and our people are protected, life should be able to return to normal and economic recovery from the pandemic should be prioritised, so we hope this is reflected in government policy as soon as possible.”
Currensea is a travel debit card which launched three months earlier than the coronavirus vaccine put us in lockdown.