Pound euro exchange rate

“Should a deal be agreed upon the UK Government would only need 24 hours to ratify it, meaning December 30 would be the last day for an agreement to be reached by the negotiators.

“However, the European Parliament meets on December 28, if a deal was struck later than that they would ‘find a way’ for MEPs to ratify it in principle before member states’ parliaments voted to give retrospective approval.”

Despite the uncertainty ahead, money saving expert Martin Lewis has said rushing to swap travel money now might not necessarily be beneficial.

Speaking on ITV’s This Morning, Martin said: “If you’re trying to play the markets, the markets factor in what they know so that price is already in.