Brexit pain for holidaymakers as pound expected to fall further against euro

Investment bank Morgan Stanley predicts pound-euro parity by early next year

British holidaymakers should brace themselves for more Brexit pain when they change their pounds into euros, with a leading investment bank forecasting the currencies are on the way to parity.

Sterling is trading at €1.09 after collapsing from €1.31 on the day before the UK voted to quit the European Union in June 2016.

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