Household Bills
Pound sinks due to Brexit worries
Guest Author:
Emma LunnThe pound to Euro and pound to US dollar exchange rates have both fallen due to continuing Brexit uncertainty.
The pound is heading to a two-year low against the dollar. It fell to below $1.25 and was close to its lowest level since April 2017.
Sterling also fell to €1.11 against the Euro, a six-month low.
The referendum result back in June 2016 marked the start of a rollercoaster journey for the pound. Before the vote the pound was worth $1.45 and €1.30.
Experts predict the pound may stabilise when the Conservative Leadership contest comes to an end on 22 July and the next steps for Brexit become clearer.
The currency falls mean UK travellers will get fewer dollars and euros for their pounds when they head abroad.
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The pound’s poor performance makes it more important than ever to get the best deal on your holiday money. Shopping around for currency can save you up to 39 per cent on the rates on offer at airport kiosks.