Holidaymakers lucky enough to travel into Europe during the February half-term holiday are getting an extra boost from the value of the pound.

Sterling is close to its highest level against the euro since the immediate aftermath of the EU referendum, with tourist rates also at recent highs.

The pound is fetching €1.20 on the currency markets and more than €1.17 in bureaus de change.

However, there are warnings that far worse rates are offered in airports.

Travel money company Equals said the worst airport deals saw tourists changing £500 getting £172 worth of euros less than the mid-market rate.

“Regardless of how the pound is performing, some airports are keeping the same margins and profiting off holidaymakers who have left it until the last