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Pound getting stronger against euro

Britons heading to the continent for autumn breaks will benefit from a strengthening of the pound against the euro.

Sterling dipped on uncertainty surrounding the Scottish referendum, but has now climbed again and, at around 1.28 to the pound, is providing 8% more spending power for Britons than this time last year.

Highlighting the favourable rate today, foreign exchange company Travelex said Britons can now get £36 more when exchanging £500 into euros than they would have got 12 months ago.

David Swann of Travelex said: "We saw consistent growth of the pound in early 2014, which was unsettled this month due to consumers' concerns over the Scottish referendum and what implications it would have on currency.

"It's reassuring to see the pound back on track - no doubt also helped by the Bank of England's moves towards increasing interest rates."

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