No-deal Brexit: should you buy your holiday money now?

With fears the pound could drop by 10%, the outlook is grim. Should we bank our euros early?

As parents wearily prepare to get the children back to school and face returning to the office after the half-term break, thoughts will inevitably turn to the next holiday … Easter. But for those hoping to get away for a week or two in the sun either then or during the summer, the prospect of a no-deal in Britain’s departure from the European Union could trigger a much more expensive holiday, amid expectations that sterling would plummet in value against the euro.

New statistics from the Post Office suggest that UK consumers tend to buy euros at times of peak political turmoil. They show a 3% rise in the first part of this year – the same time prime minister Theresa May was trying to get her deal through parliament.

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