Value of pound slips against the euro Exchange rate poor value for holiday makers
11 December 2008
Winter holiday makers will get less for their pound as they head off this month.
Fears over the value of the pound have deepened after it crashed to a record low against the euro.
How to get the best exchange rate
Which? Money editor Martyn Hocking appeared on the BBC's Working Lunch discussing how to get the best value when exchanging your money. If you missed the live broadcast you can view it via BBCi player.
Pound slumps against euro
Growing alarm about the British economy sent sterling trading down to its weakest level since the birth of the single currency in 1999.
At its lowest point, one pound bought just 1.139 euro.
Value of the pound will continue to fall
City forecasters said that a one-for-one exchange rate between the pound and euro was looking increasingly likely in the coming months. It has already fallen in value by about 20 per cent in the past year.
The pound also remained marooned far below its summer peak of $2 against the US dollar at $1.4803.
For the latest money saving news direct to your inbox sign up the weekly Which? Money email to receive top money saving tips, product reviews and the latest news every Wednesday.
For daily consumer news, subscribe to the here. If you have an older web browser you may need to copy and paste this link into your newsreader: http://www.which.co.uk/feeds/reviews/news.xml . Find out more about RSS in the Which? guide to news feeds.