Why value of the pound is falling
The pound has been steadily weakening against the euro for the last few months.
One pound will currently buy €1.20 whereas in the summer of 2012, it would have bought €1.28 making holidays to Europe more expensive now.
BBC Radio 5 live Breakfast asked Jeremy Stretch, the head of Foreign Exchange Strategy at CIBC if the pound sterling was looking vulnerable.
- From the section Business