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Crikey – what on earth is happening to the exchange rate at the moment.

After the scary days of January when the sterling euro exchange rate fell to a record low of 1.02 and some travelers were being paid 96p for each euro purchased, we saw a steady recovery to highs of 1.18 in June this year – hardly back to the good old days of 1.47 but a move in the right direction!

And now, our hopes are dashed again. As I write, one British pound is worth a paltry 1.0801
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I´ve just been watching a feature on GMTV saying that the number of British visitors to Spain was down by 20% in January, compared to the same month last year.

Hardly surprising really, is it? Since January 2008, the world has changed for all of us, and a lot of those cheap trips to Spain for us Brits have been shelved whilst we try to balance the books and survive the credit crunch and the recession in general.

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