This article is from the source 'bbc' and was first published or seen on . It last changed over 40 days ago and won't be checked again for changes.
You can find the current article at its original source at https://www.bbc.co.uk/news/business-44900164
The article has changed 5 times. There is an RSS feed of changes available.
Version 1 | Version 2 |
---|---|
Holidaymakers hit as pound falls | Holidaymakers hit as pound falls |
(about 2 hours later) | |
Britons heading abroad at the start of the summer are being hit by the poorest exchange rates for almost nine months. | Britons heading abroad at the start of the summer are being hit by the poorest exchange rates for almost nine months. |
On Friday, the Moneycorp bureau at Stansted airport was offering just €0.89 for each pound on Friday, one of the lowest rates ever seen. | On Friday, the Moneycorp bureau at Stansted airport was offering just €0.89 for each pound on Friday, one of the lowest rates ever seen. |
Holidaymakers heading to the US were getting just one dollar for each pound. | |
Both are far below the wholesale rate at which banks are buying and selling the currencies between each other. | Both are far below the wholesale rate at which banks are buying and selling the currencies between each other. |
On the official foreign exchange market, the pound was worth €1.1169, whilst the dollar was worth $1.3043. | On the official foreign exchange market, the pound was worth €1.1169, whilst the dollar was worth $1.3043. |
The pound fell below $1.30 on Thursday - its lowest level since September last year -after a surprise fall in retail sales in June, confounding expectations of an increase. | The pound fell below $1.30 on Thursday - its lowest level since September last year -after a surprise fall in retail sales in June, confounding expectations of an increase. |
What's the pound exchange rate near you? Please tweet your pictures of currency exchange rate boards to @BBCBusiness and let us know | What's the pound exchange rate near you? Please tweet your pictures of currency exchange rate boards to @BBCBusiness and let us know |
A survey of airport bureaux de change by the currency firm Fair FX has found that the average rate being offered across the UK is €0.97 for each pound. | A survey of airport bureaux de change by the currency firm Fair FX has found that the average rate being offered across the UK is €0.97 for each pound. |
The poor rates once again represent unfortunate timing for holidaymakers. | The poor rates once again represent unfortunate timing for holidaymakers. |
Last summer, travellers going through Southampton airport were offered just 86 euro cents for each pound sterling, thought to be the lowest rate on record. | Last summer, travellers going through Southampton airport were offered just 86 euro cents for each pound sterling, thought to be the lowest rate on record. |
It comes on the same day that figures were published by the Office for National Statistics, showing that Britons spent a record £44.84bn abroad last year, a rise of 2.4% on 2016. | It comes on the same day that figures were published by the Office for National Statistics, showing that Britons spent a record £44.84bn abroad last year, a rise of 2.4% on 2016. |
Advice for travellers trying to save money on exchange rates includes pre-ordering cash on the internet, or using specialist cards with low fees to take money abroad. | Advice for travellers trying to save money on exchange rates includes pre-ordering cash on the internet, or using specialist cards with low fees to take money abroad. |
"If you pre-order online, and collect the cash when you get to the airport, you will still get the online rate," said Sally Francis-Miles, money spokesperson at Moneysupermarket. | |
"If you're going abroad in the next month, you've still got time to order a specialist overseas credit card. If you're going in the next week, cash is probably best," she told the BBC. | "If you're going abroad in the next month, you've still got time to order a specialist overseas credit card. If you're going in the next week, cash is probably best," she told the BBC. |
Some firms also allow you to lock in to an exchange rate, months before you travel. | Some firms also allow you to lock in to an exchange rate, months before you travel. |
What's the pound exchange rate near you? What is the worst exchange rate you have experienced? Email haveyoursay@bbc.co.uk. | What's the pound exchange rate near you? What is the worst exchange rate you have experienced? Email haveyoursay@bbc.co.uk. |
Please include a contact number if you are willing to speak to a BBC journalist. You can also contact us in the following ways: | Please include a contact number if you are willing to speak to a BBC journalist. You can also contact us in the following ways: |
Or use the form below | Or use the form below |