Amid warnings that the pound could face pressure on the foreign exchange market, Patrick Collinson examines the impactHolidaymakers heading to the Mediterranean could feel the pinch the most. Sterling’s peak last year coincided with the school summer holidays, when £1 could buy €1.285, compared with €1.18 today. Even if the pound slides no further, this summer families will find they are paying 7.5% more for food and drink in countries that use the euro, such as Spain, Italy and Greece. Continue reading…
Source : theguardian.com
Read more…The weak pound: what it means at home and abroad
