Author: Bob Cartwright
The Euro hit a record high yesterday against the UK Pound meaning that British holidaymakers are now paying 20% more trips to the Eurozone than a year ago. Given that the Euro covers most tourist countries, it's a big blow to tourists' spending power.
There are already forecasts that the strength of the Euro, and the weakness of the dollar, will mean that the European currency will become the world's main international currency in the near future. The dollar has dominated world currencies for almost a hundred years.
Shopping around for holiday deals becomes all the more important. The Euro's strength might also encourage a drop in UK interest rates - at least that will take some pressure off domestic bills and, at worst, mean borrowing for that all-important holiday is a bit cheaper!