Holidaymakers were given a boost today as the pound soared to a seven-year high against the Euro. The pound is now worth just over €1.36 – the highest level since December 2007, just before the economic crash. Sterling was also up against the dollar – rising to under $1.55 – in the wake of yesterday's stock market surge which saw the FTSE hit a 15 year high. The pound is now worth just over €1.36 – the highest level since December 2007, just before the economic crash The strengthening pound is a major boost for British families who had seen the cost of a holiday to France, Spain, Greece and other Eurozone countries soar.
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The pound is now worth just over €1.36 – highest level since end of 2007
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Sterling was also up against the US dollar – rising to under $1.55
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Strengthening pound a major boost for families holidaying in Europe
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Comes after OECD praised 'remarkable' stewardship of economy' in UK
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Bank of England also said interest rates could be cut to close to zero
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Relative to the size of the UK population, the figures were even better than those recorded in the @placeholder over the period, he said.