It follows a difficult week which saw the pound falling to an 11-month low.
The UK exchange rate has managed to pick up from yesterday’s figures of €1.113 thanks to renewed Brexit optimism.
Brexit secretary Dominic Raab is preparing for a six-hour talk in Brussels regarding the UK leaving the EU next year.
Mr Rabb will be meeting Michel Barnier, the EU’s chief negotiator, in October to agree on a good deal before 29 March 2019.
It is the latest positive news for Brexit after a week of fears a no-deal would take place.
Prime Minister Theresa May stated a no-deal “wouldn’t be the end of the world,” after declining to answer questions whether she believed the UK would be better off after leaving the EU.
She is currently in South Africa for the next three days to work on better trade deals and relationships with key regions.
The trade deal between South Africa and the UK will continue after Brexit, being the first trade deal to be secured by Theresa May.
French President Emmanuel Macron recently changed his stance regarding the relationship between the UK and the EU.
He warned EU leaders to make a good post-Brexit deal, during a meeting in Salzburg to prevent “poison relations”.
A diplomatic source, according to The Times, advised: “He sees a no-deal scenario as something which would break links and poison relations at a time when Europe needs to be united beyond the EU.”
Yesterday, Laura Parsons indicated “the comments from both UK Brexit Minister Dominic Raab and EU Chief Negotiator Michel Barnier indicated a Brexit deal is still on the table,” and aided the growth of the pound.
Britons wanting to save money this year when converting foreign currency can take a number of steps when the exchange rate is at its strongest.
Using prepaid currency cards can lock in the best rates when buying money to take on holiday.
This means Britons can buy their money when the exchange rate as improved before it falls again.
It is also worth avoiding the airport – a recent report has seen rates plummet as travel bureaus offer some of the worst rates in the UK.
Travellers will get less than one euro for the pound at some airports in the country, up to 24 per cent less than the market rate.
Instead, holidaymakers should compare the best deals on the high street to avoid losing hundreds of pounds when converting.