The pound to euro exchange rate will affect how far British travellers money will go in Europe.
However, Brexit has caused the pound to plummet in recent times.
While the value of the pound is generally low, there are still ebbs and flows on a daily basis.
What is the pound to euro exchange rate today?
At the time of writing Bloomberg has the pound to euro exchange rate at 1.0929 EUR to 1 GBP.
So what does this mean? Michael Brown, Senior Market Analyst at Caxton, told Express.co.uk: “Sterling trod water against the euro on Thursday, settling unchanged as markets largely shrugged off the Bank of England’s latest policy announcement.
“The BoE kept rates unchanged at 0.75 per cent, however struck a slightly more cautious tone, flagging the downside risks facing the UK economy, namely global trade tensions and uncertainties surrounding Brexit; making the chances of any policy tightening even slimmer, despite the BoE maintaining a bias for rate increases.”
Mr Brown emphasised the role of politics, namely Brexit, in the fate of the British currency.
He added: “The pound’s lack of reaction exemplifies how sterling is more concerned with political developments rather than economic fundamentals.
“Turning to today, the economic calendar is devoid of any top tier releases from either side of the Channel.
“Therefore, barring any unexpected political developments, the pound is likely to remain relatively rangebound.”
This comes after news of a rebound in the pound to euro exchange rate.
“Sterling rebounded against the euro on Wednesday, adding around 0.8 per cent as the pound seemed to experience significant month-end demand,” he said.
This comes after Monday saw the biggest one day loss in months.
Michael said: “The pound’s rise was helped by a generally softer euro after softer than expected inflation figures and data showing that 2nd quarter GDP grew at the slowest pace in almost 5 years.”
What is the Post Office offering travellers? Today Britons can get 1.0741 on £400 to £499.
The rate for sums worth more than £1000 is 1.0791.
Boris Johnson’s aggressive approach to tackling leaving the European Union has encouraged no deal concerns, Michael said.
He told Express.co.uk: “Weekend reports of a ‘War Cabinet’ being set up to drive through Brexit, in addition to comments that the Government were working on the assumption of a no-deal divorce did little to quash market participants’ concerns.”