However, it will still continue to battle Brexit and coronavirus as they impact the market.
Michael Brown, Senior Market Analysis at Caxton told Express.co.uk: “Last week was sterling’s worst against the euro since last September, with the cross now trading only just above the crucial €1.15 handle, as some long GBP positions begin to get squeezed, with Europe beginning to catch up in the COVID-19 vaccine race.
“Today’s calendar is rather quiet, hence the key question remains whether the pound can continue to keep its head above the aforementioned support.”
It is hoped holidays will be on the cards this summer.
The Government’s “traffic light system” will come into play from May 17. Holidays: Portugal, Dubai and US flights boosted following foreign travel update
The list has yet to be announced, but some speculation destinations such as Portugal and the US could make the cut.
Skyscanner claimed the top 10 most searched for destinations last week were London, Manchester, Dubai, Tel Aviv, New York, Edinburgh, Bangkok, Belfast, Faro and Orland.
An expert has warned travellers they might lose money where they least expect when it comes to exchanging.
James said: “Do not exchange money at the airport, their rates are almost always less favourable than you can get in advance.
“No matter how last minute your plans are, never be tempted to buy currency at the airport – the prices are notoriously harsh.
“If you do want to collect your money at the airport, ensure you order it well in advance to take advantage of better rates.”
“That should get you a far better rate than a walk-up customer and still see you have the currency in your hands before you land.”
However, the expert had an important caveat for this.
“Just make sure you double-check the opening times and which terminal the branch is in before you order.”
- ^ Benidorm expat shares ‘best thing about resort’ but slams ‘ridiculous’ Brexit visa rules (www.express.co.uk)
- ^ money.co.uk (www.money.co.uk)