Commentary from David Swann, Head of Pricing at Travelex:
“The euro is today at a 72 day low against the pound. This is good news for people planning a trip to Europe and businesses importing goods. People planning to buy their Christmas gifts at a European market can now get approximately 30 euros more when changing £500 than they would have done three weeks ago.
There is of course a negative impact on companies exporting goods and services to Europe, who will now be seen as more expensive.”
Keep up to date with the very latest exchange rates here, or head to our Travelex exchange rate updates section for all the latest currency news.
