In the last 24 hours, the pound has also risen three per cent against currencies in Canada, Argentina, Mexico and Australia.
The exchange rate has noted a two per cent jump against 115 other countries around the world, including Russia, Brazil, China, Hong Kong, the UAE, Japan, the Czech Republic and Croatia.
According to currency experts at FairFX, you will now get €90 (£75) more for every £1,000 exchanged compared to the GBP to EUR historic lows in November.
You’ll also get US$ 80 (£62) more for every £1,000 exchanged compared to GBP to USD historic lows in January.
FairFX CEO Ian Strafford-Taylor said the recent boost is “finally good news for consumers looking to buy currency whether they’re going on holiday or planning any international purchases such as buying a property abroad or planning an overseas wedding or gap year”.
He added: “Uncertainty around political and economic events can have a negative impact on the pound and this is something we have seen over the past year since the Brexit referendum.
“If you plan ahead you will get the best value. Consumers need to keep an eye on the pound and buy currency when exchange rates are at their strongest.
“When the pound moves in your favour and you’re happy with the rate on offer, it’s often a good idea to lock-in that rate and protect yourself from any future volatility.”
