Pound vs euro drops 9.5% in a year, says new figures

Pound vs euro drops 9.5% in a year, says new figures

Holidaymakers in the eurozone will find that the value of pound sterling against the euro has decreased 9.5% compared to last year, it was revealed today. Although countries such as Spain, Greece and Portugal have remained popular holiday choices this summer, M&S Money has said that many Brits will feel the effect of currency fluctuation when they are in the destination. Its research also said the sterling had dropped 17% against the Swiss franc, more than 15% on the Australian dollar and more than 5% against South African rand. Meanwhile the Turkish lira and Egyptian pound worked more in Brits’ favour, gaining 11% and 12% respectively. The US dollar and UAE dirham also both gained 7% against the pound.

Gary Marshall
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Gary Marshall
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