"Buy your Euros now": Travel experts urge Brit holidaymakers to lock in prices as Pound projected to fall against the Euro

TRAVEL experts have urged Brit holidaymakers to buy their Euros now as the Pound continues its struggles.

The nights are drawing in and it's cold and wet in the UK – with many Brits choosing to beat the chills by booking a winter sunshine trip or visiting a Christmas market. 

A total of £1 will get you €1.15 today, which is down from €1.21 earlier this year.

But with the economy flatlining, inflation up and the dreaded Budget around the corner, experts have warned that the Pound is expected to go down further against the Euro to around €1.11 before the year's end.

They urged Brits to lock in and buy their Euros now to save money.

Tony Redondo, Founder at Newquay-based Cosmos Currency Exchange, said he expects the Pound to continue to fall.

He added: "The Pound has fallen over 4% against the Euro in the past year and faces continued pressure heading into 2026 due to recession fears and pre-budget uncertainty. Goldman Sachs forecasts another 3% decline to €1.11, though some analysts expect range-bound trading given economic troubles across major Eurozone economies. 

“British travellers planning winter trips to Spain, Portugal, or European Christmas markets should consider buying Euros now, as Sterling will likely weaken further before the Budget. For better rates, avoid airport exchanges and use pre-loaded travel cards supplemented with small amounts of cash for taxis and street market spending.”

Prem Raja, Head of Trading Floor at Currencies 4 You, also urged Brits to buy their Euros now.

He continued: “Sterling enjoyed a very positive start to 2025, but we have seen the tide change over the last few months, mostly due to disappointing UK economic figures and worries about the UK Government deficit and spending plans. 

"So far we have seen Pound to Euro fall from 1.18 down to 1.14 – with expectations that we could see Pound to Euro 1-2% lower by year end – this is due to further Bank of England cuts expected and jitters around the next UK Budget. 

"If you are looking to buy Euros, it is probably best to move sooner rather than later to lock in a higher exchange rate.”

Steve Witt, Co-founder at Not Just Travel, said bookings are up across the board ahead of the winter.

He said: “We are seeing holiday sales that are stronger than ever. 19% of all bookings right now are for those wanting to jet off to the sunshine almost immediately and 46% are for winter breaks including sun and city. 

"Cruise bookings in September were up 20.4% year on year – showing the UK's insatiable appetite for holidays – no matter what is happening with the economy. City breaks and end of season destinations such as Mallorca, Lanzarote and Malta are exceptionally popular and there are some significant savings to be had.”

Anita Wright, Chartered Financial Planner at Ribble Wealth Management, said inflation is making holidays more expensive.

She added: "The outlook for the Pound against the Euro over the remainder of 2025 has to be seen through the wider lens of fiat currencies and their purchasing power, rather than simply as a battle between two exchange rates. 

"The deeper issue is that both sterling and the euro are being eroded by the same pressures – persistent inflation, heavy government deficits, and an international system losing confidence in fiat currencies more broadly. 

"So for travellers and consumers, the Pound to Euro rate might look fairly stable on the screen – small moves up and down depending on market sentiment, maybe even a short-lived bounce if the Bank of England resists pressure to cut rates too soon. 

“But the real question is what your Pound or Euro will actually buy you in Vienna, Prague, or Barcelona this December. Rising food, fuel, and accommodation costs across Europe mean the purchasing power of both currencies is slipping, and that is the lived reality of inflation.”