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Birmingham Post
Birmingham Post
Business
Peter McGahan, chief executive of Worldwide Financial Planning

Tips on foreign currency and exchange rates when travelling abroad

Having spent the last two years cooped up like chickens, holidaymakers around the world have been taking the opportunity to make for the hills and experience different cultures and food, but not the weather as it’s been perfect here indeed.

As is often the case, they run the gauntlet of the greedy, pickpocketing them financially before they leave.

I recently covered the potential for the euro and sterling rate. I think the dollar rate is more obvious in that we would expect sterling to remain weak given its vulnerabilities, but the euro is less obvious versus sterling (they both have big threats).

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