Huge boost for summer holidays as pounds rises to highest level in THREE years – what it means for your wallet

THE pound has soared to its strongest value against the US dollar in over three years.

Last night, sterling was trading at £1.3468 against the dollar – its strongest level since February 2022 – bringing good news for holidaymakers chasing the sun.

This is because a strong pound means that sterling has more purchasing power relative to other currencies.

This also means that holidaymakers can get more for their money when exchanging cash for the summer holidays.