Summer holidays begin with a stinging euro rate at airport exchanges | News

All 49 flights that took off from Heathrow’s southern runway in the space of an hour on Friday — the busiest day in Britain’s air traffic history — are combined in one photographPeter Macdiarmid/LNP

Families heading overseas for the first week of the school summer holidays face some of the worst rates for the euro yet seen, with airport exchanges offering as little as 88 cents for £1. The market rate yesterday was €1.11 to
the pound.

A record 2.4m holidaymakers will head out of Britain this weekend, according to the travel association Abta.

Travellers face a costly getaway because of the low value of the pound after Brexit. Some of the worst exchange rates are to be found at smaller airports, with exchange booths at Cardiff offering 88 cents to £1 and 90 cents being offered at Southampton.

Currency exchanges blame the low rates at airports on rents and staff costs. Experts advise holidaymakers to avoid the walk-up…

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