The weak pound is expected to hit UK holidaymakers this summer The pound has reached a new all-time low against the euro.

The sterling pound went as low as 1.2500 euros, conversely the European single currency touched as high as 80 pence.

Reports say British holidaymakers are likely to notice the pound’s weakness when they go on their 2008 summer holidays to eurozone nations such as Spain, France and Portugal.

(taken from OasisFM.com)