Demand For Travel Money Surges Ahead Of Vote

The Post Office says foreign currency sales have surged as holidaymakers rush to buy their travel money ahead of tomorrow's EU referendum vote.
It said overall currency sales had increased 74% year-on-year since the weekend, with online purchases up 381% and branch sales 48.8%.
A spokeswoman for Post Office Travel Money, which covers one in four foreign exchange transactions in the UK, said most customers were exchanging pounds for a mixture of euros and dollars.
"Currency sales remain buoyant and are up 36% year-on-year for June to date in Post Office branches, online and through purchases on its pre-paid travel money card," the company said.
"This rises to a dramatic growth of 154% for currency purchases made online."
Sterling has fluctuated in value amid the market volatility surrounding the EU referendum. After reaching a seven-week high on Monday, it is currently at $1.47, but forecasters predict it could plummet to $1.30 if Britain votes to leave the bloc.
The chief economist at the international money transfer specialist HiFX, Chris Towner, suggests using a prepaid currency card, which permits users to credit it with cash now to use abroad later, could be a good option for those wishing to take advantage of the current exchange rate.