Pound flies versus euro, cutting cost of renting gites in Brittany
What this means is that when you exchange currencies to visit Brittany, you'll get more euros. For example, if you exchange £1,250 to spend a fortnight in France, you'll now get +€180 more than 18 months ago, when the pound was at just 1.1371.
So that's +€180 more in your pocket, at no additional cost! With that money, you could extend your holiday in Brittany an extra day, enjoy some gourmet French cuisine, or just pocket the saving.
Sterling has risen, because the UK economy is doing so much better than the Eurozone's. For instance, UK unemployment fell to 6.0% this week, its least since 2008, while the Eurozone's is almost double. That's lifted the pound!
With this in mind, it's a great time to rent a gite in Brittany, as the strong pound gives you more spending money.
By Peter Lavelle at foreign exchange broker Pure FX . For free expert currency advice when you visit Brittany, call me on +44 (0) 1494 671800 or email [email protected] . I'll be delighted to help.