Airport currency exchanges offering €0.99 for £1

Market update: FTSE strong, dollar, bonds, EU shares down
Market update: FTSE strong, dollar, bonds, EU shares down

The pound is currently buying less than a euro for the first time in three years, as the pound continues to sink in the wake of Brexit.

MoneyCorp at Stansted Airport offered was offering €0.9915 for £1 today, with ICE at Luton offering €0.990. The pound hit its lowest level in three years on Monday, after sinking 12 percent since the UK voted to leave the European Union on 23rd June.

Some UK supermarkets were offering €1.13 to the pound on Wednesday, with the official exchange rate being €1.15.

GBP to EUR - 1 year. Source: XE.com
GBP to EUR – 1 year. Source: XE.com