Britons who are planning to visit Spain this summer have been advised to get their currency sooner rather than later.

The pound has now fallen to an all-time low against the euro, which has made purchasing the currency more expensive.

Since European countries such as Spain are among the most popular holiday destinations for British tourists, travel industry officials have urged people to try to minimise the impact of the exchange rate movements.

Kevin Mountford, spokesperson for Moneysupermarket.com, commented: “This is having quite an impact.

“Tourists now have to be careful not to leave their currency exchange until the last minute.”

A similar opinion was expressed by David Kuo of The Motley Fool, who told the Metro that consumers should get their money now and put it to one side.

Speaking to the newspaper, he said the pound is likely to have fallen further by the time summer comes around.

Tags: , Spain, tourism