Pound hits a five-month high: should I buy next year's euros now?

December 7, 2016 | 6years | NEWS AND INTEREST

Holidaymakers have suffered this year due to the falling pound, but with sterling hitting a five-month high versus the euro following the Italian referendum vote, is now the time to buy next year’s holiday euros?

Compared to a post-referendum low of €1.11, the pound is now at €1.18 (although this is nowhere near the high of €1.36 at the beginning of the year).

The events of 2017, including the likely triggering of Article 50, can be expected to have further impacts on the pound.

So an argument for buying euros now is that the pound has enjoyed some breathing room between the referendum vote and the inevitable volatility that will arise as decisions are made about the UK's future.

To continue reading this article follow the link: telegraph.co.uk

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