Jump in euro rate for tourists

Leading bureaux de change are selling euros at a rate of 1.20 to the pound for the first time in three and a half years.

The jump reflects worries about the eurozone in the wake of the Greek and French elections. But the result is that British travellers are getting 10 per cent more for their money than a year ago.

Travelex is offering 1 euro 20.8 cents -- it was last above 1.20 on 4th November, 2008. The Post Office is paying 1euro 20.7 cents.

High Street banks are still offering lower rates, but some specialist money-changing services will pay even more.

The rate at certain Sainsbury's stores has risen to 1 euro 21.19 cents.