What once seemed an unlikely nightmare for British travellers is becoming an expert forecast. City giants Morgan Stanley and HSBC are both predicting that the euro will reach parity with the pound and even go beyond that point in the coming months¹.
Using a prepaid travel card to take foreign money abroad has many advantages, from security to the possibility of good rates. But consumers have proved surprisingly resistant to using the cards, which have now been on the market for many years, preferring to take cash with them.
When we think about the assets of high street banks, we usually visualise piles of gold bars locked in a safe, or even towers of coins.
When banks are continuously under the microscope to treat customers fairly and honestly, it seems rather strange that Cash Point service providers are immune to that high level of scrutiny.