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.”