Property News · June 18, 2016

Beat the Brexit effect when buying your holiday money


Out of Europe could mean out of pocket if the pound plunges against the euro. But you can lock into today’s exchange rate if you’re worried we’ll vote to leaveA vote to leave the EU could see sterling plunge on the money markets later this week. For holidaymakers heading to the Med, it is likely that when they swap their pounds for euros they will not receive anywhere near as much as they enjoyed last summer. So what, if anything, can you do to protect yourself?This week the exchange rate was down to around €1.26 compared with €1.42 in August last year. So you are getting around €160 less for every £1,000 of spending money than you were back then. Continue reading…

Source : theguardian.com
Read more…Beat the Brexit effect when buying your holiday money

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