Why is the pound falling against the euro?

Help

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.

BBC © 2014 The BBC is not responsible for the content of external sites. Read more.

This page is best viewed in an up-to-date web browser with style sheets (CSS) enabled. While you will be able to view the content of this page in your current browser, you will not be able to get the full visual experience. Please consider upgrading your browser software or enabling style sheets (CSS) if you are able to do so.