Euro Goes Further

The recent budget announcement has strengthened the pound after a long lull.  At the moment, £100 will get you €118.  This is extra good news for travellers going to Europe, as travel companies advise that the pound’s spending power has vastly improved in many European countries.

Travellers are now able to enjoy a nice meal out for two for only €16 in the Algarve or Spain.  This time last year, it would have cost almost double.  Overall, there has been a price reduction of 40% for European countries, including Spain and Portugal as they compete for tourist trade.

Products including alcohol, toiletries and petrol are also considerably cheaper than the UK.

Austria currently has low petrol rates of (€1.15) per litre, while Latvia is enjoying some of the lowest prices in Europe with current prices set at €1.06 for a litre of unleaded petrol. It’s worth pointing out if you go to Latvia (or any country outside the eurozone) to bring plenty of Lati with you as some petrol stations insist you pay with local currency for petrol and some don’t accept UK credit cards at the pump.