Pain for holidaymakers as pound tumbles to 16-month-low against the euro

Pain for holidaymakers as pound tumbles to 16-month-low against the euroThe pound has fallen against world currencies in the first few months of 2013GBP fell to a 16-month low against the euro affecting many UK travellers Fall against the US dollar hit a nine-month low yesterday By Hugo Duncan PUBLISHED: 23:54 GMT, 20 February 2013 | UPDATED: 08:39 GMT, 21 February 2013 British holidaymakers were last night warned to expect less cash in their pockets when they head abroad as the value of the pound tumbles.