Eurozone trips become cheaper as pound gains against euro

Britons catching ferries from Plymouth to Roscoff will be among those who can benefit from the rising value of the pound against the euro.

The crisis in the single currency has led to Sterling being seen as a relatively safe haven and this means UK travellers can now get 15 per cent more euros than 12 months ago, the BBC reports.

On Monday, the value of the pound rose to €1.2745, the highest since October 2008.

For much of the intervening time, travellers have been only getting around one euro per pound.

As well as the cheaper cost of travel to the eurozone, holidaymakers may be more tempted to go to Europe by the recent rise in the strength of the dollar, which has made it more expensive to travel to the US.

A Lloyds TSB survey recently showed 73 per cent of Britons changing Sterling into foreign currency before they head overseas are switching pounds to euros, indicating Europe is favoured at present. 

Posted by Andrew Smith

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