Currency exchange 'making euro destinations more affordable'

Currency exchange rates for sterling are making European destinations more affordable for Britons.

This is according to a report from Halifax, which found that the pound has risen against the euro by over five per cent since February this year.

However, Malaysia and Japan were found to have increased in cost for Brits as sterling has fallen against the ringgit and the yen.

Mark Powys of Halifax credit cards commented: "Whilst Sterling has gained against several currencies in 2010, it has also fallen against many others.

"For those planning a short break in Serbia or Hungary, a honeymoon in the Seychelles or even a safari holiday in Kenya, the rise will make their stay more affordable."

This morning at 10:00 BST the pound bought �1.20. Meanwhile, sterling was trading against the US dollar at $1.58.

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Posted by Eleanor Ward