Pound crash at airports

AIRPORT currency exchange offices have slashed rates to as low as 90 euro cents to the pound – 1 per cent below the market rate.

The holiday money that the pound can buy has fallen to new lows as a result of the turmoil caused by the General Election.

The worst rate of 90 cents to the pound was offered by Moneycorp at South- ampton airport, figures compiled for currency firm FairFX showed.

The official market rate shows that £1 equates to €1.136 while the typical rate for tourists is €1.08.

It suggests the firms are taking advantage of holidaymakers. Ian StraffordTaylor of FairFX said rates of €0.90 are ‘nothing short of extortionate’.