Action started last week by the European Central Bank (ECB) to help support growth in the Eurozone has resulted to the value of the Euro falling dramatically against both the US dollar and the £ Sterling.
While this is not good news for helping British exporters, it is very good news for holidaymakers as the value of their spending money will be that much greater. Perhaps we may even see a reduction in the price of foreign holidays as a result.
Last Friday the £ reached a 7 year high against the Euro at 1.34 Euros to the £.
Over the last year the Eur has fallen in value by around 9% against the Pound.
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