Good news for travellers as Sterling fights back

Rishi Patel, Head of Trading at FairFX.com comments: "If we look back to the first two weeks of October when Sterling collapsed to 1.0629 against the Euro, we can see how aggressively Sterling has fought back to regain its current position, 1.12.

"Anyone travelling to the Eurozone this winter with a FairFX.com card will be as much as £50 better off for every £1000 of Euro they purchase, compared with that time. 

"Travellers to the US can expect even better news as anyone making a cross-Atlantic trip for some Christmas shopping will get an extra £60 for every £1000 they exchange using a FairFX.com card, compared with the Sterling lows we saw in October - since then the pound has rallied over 6% against the US dollar. And this time last year holidaymakers travelling to the US had to settle for less than $1.55 for every pound they exchanged, compared with the $1.67 per pound they are receiving now.

"FairFX.com analysts believe that Sterling is currently oversold against a basket of currencies. Although some expect Sterling to rally further in the coming month, FairFX.com card holders who are travelling towards the end of the year may want to take advantage of current rates by locking in half of their currency now, in case the markets retrace to lower levels."

For further information about their products for businesses and individual travellers, visit fairfx.com.