Brits planning a getaway are in for a treat as the pound has soared against 93 percent of top holiday currencies. Egypt is the standout bargain with the British pound now 56 percent stronger against the Egyptian pound compared to the start of the year, making the country's ancient wonders and beach resorts even more appealing.
These encouraging statistics were provided by No1 Currency, who highlighted: "Holidaymakers are enjoying a windfall as the Pound has risen against the currencies of 50 out of 54 of the most popular travel destinations in 2024 so far." Explaining the surge, the firm stated: "It's more to do with increased investor confidence in the Pound and the UK's improving economy, which grew at its fastest rate in more than two years during the three months to May."
The data reveals Sterling hasn't had it all its own way. It is down 17 percent against the Kenyan Shilling and it buys 6 percent fewer Sri Lankan Rupees.