Experts advise it’s “wise to purchase currency now” if you are travelling to Europe
Pound sterling struggles against Euro as Brits urged to ‘purchase currency now’(Image: PA)
The Pound is struggling against the Euro and way down from one year ago.
Sterling is currently at 1.15 Euros to the Pound after briefly dropping to 1.14 in December.
This is much lower than one year ago when it was 1.21 Euros to the Pound.
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In contrast, Sterling is still trading at $1.35, its best level against the Dollar since September.
And the Pound is also looking strong against the Yen, at 211 Yen to the Pound – from 206 at the start of December.
Experts have shared why Sterling is struggling against the Euro and they offered some advice on mitigating the hit to holidaymakers.
Tony Redondo, Founder at Newquay-based Cosmos Currency Exchange, told Newspage : “The Pound has faced ‘death by a thousand cuts’ throughout 2025, dropping over 5% in value against the Euro as the Bank of England shifted from interest rate hawks to doves.
“This change in stance reflects a new priority of encouraging economic growth over combating sticky inflation, especially as the UK economy stagnates under the weight of £70 billion in tax increases implemented since July 2024.
“Looking ahead, many analysts expect the Pound to fall a further 3–4% against the Euro in 2026.
“For those with European travel plans in early 2026, it may be wise to purchase currency now or load a prepaid card to lock in current rates.
“Conversely, the United States currently offers better value for British travellers, with the Pound hitting a four-week high against the Dollar earlier this week.”
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