Advanced





Strengthening pound is 'good news' for British tourists



Over 50s planning a holiday in Europe have been advised that the pound's current recovery against the euro could translate into holiday savings for travellers.

Statistics from the European Central Bank shows that the pound-to-euro exchange rate now stands at 0.85 to one, falling from a peak of 0.98 in December 2008.

In addition, forecasts from the Conference Board suggest that rising consumer confidence and stock prices may be contributing to further gains for the UK economy in the near future.

Marc Cogliatti, currency strategist at exchange agency HiFX, said that although exchange rates have yet to recover to the levels of two years ago, the recent gains made by the pound are still enough to guarantee savings for travellers compared to six months ago.

He said: "In the grand scheme of things the pound is now 15 per cent higher, compared to where we were at the start of the year. That is obviously good news for holidaymakers."



To view businesses and services in our Travel section click here




Homebase
Homebase is the UKs second largest home improvement retailer and is recognised for choice, style ...
Silver Travel Advisor
Have your say and you could win a Greek Island villa holiday. If you like holidays and ...
Sky
For some of the most talked-about TV, get Sky TV. In all, we've 100+ digital entertainment ...
Make a Will Online
Make a Solicitor checked Will Online with Gloss Legal
Travel News
All-inclusive holidays 'offer value for money'
Finance News
Recession 'causing problems for over 50s abroad'
Dating News
Online dating 'can give over 50s another chance at love'

We Luv Sweets
New Zealand Holidays
Kirra Tours 100 Percent Kiwi New Zealand Holidays by New Zealanders. Although larger than the UK, New Zealand has a ...
ProstaMax
The only prostate supplement with 100% pure Beta-Sitosterol