The General Election resulting in a hung parliament has caused uncertainty in the market and the pound has lost value against other currencies. Compared to 10am yesterday, Brits changing £500 at 9.15am today will get €11.12 or $15.50 less per £500.
In terms of whether it’s a good time to buy, that’s anyone’s guess. The pound has been volatile during the campaign period, and we expect this to continue as a new government is formed and the impact on Brexit negotiations becomes clearer.
To lock in the current rate, you can order cash or a prepaid card online at Travelex.co.uk and cancel if necessary with no charge up to 24hrs before the order is due to be collected.
We advise customers to keep a close eye on rates and set up email alerts to help them get the best value on travel money using our Travel Rate Tracker.