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Travellers in their droves are locking in the rate of exchange on the Euro and US Dollar to protect themselves from further falls in the value of the Pound. ICE (International Currency Exchange – www.iceplc.com), the travel money and prepaid currency card provider has seen an 800% increase in the total volume of US Dollars travellers are loading to the ICE Travellers Cashcard (ITC), compared to the same period last year.

The total volume of Euros being loaded has also jumped dramatically, by 256% in February 2013 vs February 2012. With commentators suggesting that the Pound will reach parity with the Euro for the first time since 2008, those planning to travel overseas are hedging their bets and looking for ways to secure against further falls in the rates of exchange....

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