Currency fluctuations could make it more economical for Britons visiting Europe this summer to put off exchanging sterling for euros until the last minute, it has been claimed.
And anyone looking to reduce the cost of a holiday might want to invest in
cheap travel insurance prior to their departure to further lower their expenses.
Elisabeth Dobson, head of private clients at World First, said that although the exchange rate is still "not fantastic", it is enjoying a renaissance at present and could improve further as the summer progresses.
"With the pound looking like it might strengthen in the summer months, it is worth considering putting off getting your holiday money until the very last minute and drawing cash from an ATM whilst abroad," Ms Dobson argued.
According to figures from Youtravel.com, Britons are leaving it late to make bookings this year, with a fifth of holidays being booked less than four weeks prior to departure.
Furthermore, overall booking numbers are up by 15 per cent this month, in comparison to June last year.
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