If you're hoping to holiday in Europe over the Christmas period things aren't looking good.
This morning the pound to euro exchange rate dropped amid reports that Theresa May will delay the vote on her Brexit deal.
The PM has reportedly decided to delay the crunch session in the House of Commons tomorrow on her exit deal with the EU.
As a result the exchange rate fell from €1.11869 to just €1.10741 to the pound.
Mrs May is due to give a speech in the House of Commons at 3.30pm – titled “Exiting the EU”.
Sterling has been going through a turbulent time since the referendum in June 2016.
The pound has seen a substantial drop of around 12% since the Brexit vote.
"Sterling hasn't had a strong reaction to 'good' political news since June 2016, suggesting that the FX market is still expecting Brexit to be a shambles." Kathleen Brooks, research director at City Index, told the Daily Express Online.
How can I get the best exchange rate?
Speaking exclusively to the Daily Star Online, Retail Director at No1 Currency, Simon Phillips said: “If youre yet to book a holiday, you could consider going somewhere further afield where your pound will stretch further.
"Regardless of the rate, holiday goers should be increasingly savvy when buying foreign currency.
“While the exchange rate remains an important factor when choosing a holiday, its not the only one.
"When changing your sterling, always make sure to compare currency rates online to get the best possible deal."
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