Sterling

Current events are causing all sorts of problems, according to a currency exchange expert

Brits heading abroad this summer are being given a new warning.

Towards the close of last week, Sterling dropped to a three-week low against the Euro and a five-week low against the US Dollar, spelling trouble for Britons travelling overseas. The decline, according to a foreign exchange expert, stems from two key factors.

Tony Redondo, founder of Newquay-based Cosmos Currency Exchange, explained: “Firstly, markets are worried that Britain is heading towards a period of political instability. Secondly, they are worried about how the UK economy will cope with an expected rise in inflation.

“Though inflation fell to 2.8% today, it is expected to rise, potentially sharply, in the months ahead as the impact of rising oil prices due to the conflict in the Middle East hits the UK economy in full. If markets believe higher inflation makes UK gilts a not–so-safe bet, that will apply further downward pressure on Sterling.”

Tony noted the weakened Pound was hammering holidaymakers venturing abroad, as their money was now “plummeting” in value against currencies like the Euro and Dollar – a situation that “could get worse in the weeks and months ahead”.

However, he highlighted that a struggling domestic economy and Sterling’s persistent fragility was prompting an increasing number of businesses to fundamentally reconsider how and where they sell their services.

Tony added: “If they’re anything, the UK’s businesses are resilient and proving they can adapt. During 2026 to date, we’ve seen a sharp rise in UK businesses moving away from difficult domestic conditions and looking for customers overseas.

“Rather than having all their eggs in one UK economic basket, a growing percentage of UK firms are now marketing and selling their products and services online to customers in Europe, America, Canada, Australia and even Singapore and Hong Kong.

“If there’s one silver lining to the weak UK economy, it’s that many traditionally domestic UK small businesses have become international ones, as they cast their nets ever wider in search of customers and profit.

“The ability to ply your trade internationally has never been easier and it can massively boost a company’s bottom line.”

You won’t even see the fees being added

Most holidaymakers assume using their normal bank card abroad is fine. But Martin Lewis says a simple switch to a specialist card could save you from paying an extra 2.75% to 3% on every single purchase – a hidden fee that quietly adds to your bill without you even noticing.

In a clip shared on This Morning’s official TikTok, the MoneySavingExpert founder explained how most high street banks add a “non-sterling exchange rate fee” when you spend abroad. Ignore it and a £100 purchase effectively costs you £103. Switch to one of the specialist cards he recommends, and you get the same near-perfect exchange rates the banks use – without the markup.

Martin started by explaining what happens when you spend on plastic overseas. “Your bank gets a near perfect exchange rate on the day – the same as what’s called the spot rate, the city market rates. When you spend on your card abroad though, normally the card company adds what’s called a non-Sterling exchange rate fee of between 2.75 or 3%,” he said. “So your hundred pounds worth of euros cost you £103.”

The solution, he explained, is using specialist cards. “With the specialist cards, they don’t have that. So you get the same near perfect exchange rates that the banks or the card firms do.”

As for which cards to choose, Martin noted there are quite a lot available now. He judges them on the cashback they give you. The Barclaycard Rewards credit card is currently giving 0.25% cash back on spending in the UK and abroad. “So you get perfect exchange rate and cashback,” he said.

He added a crucial warning for anyone using a credit card: “Only do this if you’ll pay it off in full at the end of every month, or there is interest. That will credit score you to get it.”

For those who prefer a debit card or don’t want to undergo a hard credit check, Martin offered two alternatives. “The easiest one to get is the Chase card, which you can apply for without switching banks and only does a soft credit check, so it doesn’t mark your credit file, and virtually everybody can get it,” he said. It offers near-perfect exchange rates, no ATM withdrawal fees, and some cashback on UK spending.

Alternatively, for those willing to switch banks: “First Direct, if you’re willing to switch bank to it, will give you a near perfect exchange rate fee debit card and pay you £175 quid if you switch bank to it.”

A spokesperson for travel experts Lapland Famille said: “When spending abroad, choosing the right payment method makes a real difference. Specialist cards often work out far cheaper than standard bank cards. And if you’re ever asked to pay in pounds or the local currency, always choose the local currency – paying in cash locally is another good way to avoid hidden conversion fees.”

With no need to switch your main bank account for the easiest option, Martin’s advice shows that cutting the cost of spending abroad may be simpler than many travellers think – as long as you pick the right card before you go.

NEW YORK — John Sterling, the longtime New York Yankees radio broadcaster known for extravagant, individualized home run calls, died Monday. He was 87.

Sterling had undergone heart bypass surgery this winter and after the procedure was attended to by health care aides at his home in Edgewater, New Jersey. He died Monday at Englewood Hospital, according to his former wife, Jennifer.

“John Sterling breathed life and excitement into Yankees games for 36 years while wearing his passion for baseball and the Yankees on his sleeve,” the team said in a statement. “He informed and entertained generations of fans with a theatrical and unapologetic style that was uniquely his own. John treasured his role as the voice of the New York Yankees, and his enthusiasm for the art of broadcasting perfectly complemented our city and our fans. The symmetry between John and his audience was both undeniable and magical, and his signature calls will resonate for as long as we put on pinstripes — especially after every Yankees win.”

He had called 5,631 games — 5,420 regular season plus 211 postseason — when he retired in April 2024 just after the season’s start, citing fatigue. Sterling broadcast 5,060 consecutive games from September 1989 through July 2019 after beginning with the Yankees as a pregame host. He came out of retirement to broadcast Yankees games during the 2024 postseason.

Sterling’s call for a player’s home run became as treasured a part of a Yankees identity as an initial set of pinstripes or a championship ring. As rookies prepared for debuts and former opponents arrived in trades, fans speculated how he would label the newcomer’s first longball.

From “Bernie goes boom! Bern, baby, Bern!” for Bernie Williams, to “It’s a Jeter jolt!” for Derek to “It’s an A-bomb from A-Rod!” for Alex Rodriguez, “The Giambino!” for Jason Giambi and ”A thrilla from Godzilla!” for Hideki Matsui, Sterling created personal stamps resonating from the clubhouse to the bleachers.

“It wasn’t meant that way. I just happened to do something for Bernie Williams. He hit a home run and I said, `Bern, baby, Bern!′ And it kind of mushroomed from there,” Sterling said at the time of his retirement. “But it never was intended for every player, because, frankly, I’m not smart enough to do something for every player. But I did the best I could, and it’s amazing what started out as — became so big.”

“I did say `A-bomb from A-Rod!′ when he hit a home run and I did say: `Robbie Canó, don’t you know,′ and I think those were pretty good,” Sterling said of calls for Rodriguez and Robinson Canó.

Born Josh Sloss on July 4, 1938, Sterling grew up in Manhattan and left college to work for radio stations. He had wanted to be a broadcaster since hearing “The Eddie Bracken Show” in the 1940s.

“I didn’t want to be Eddie Bracken. I wanted to be the guy who says: `Live from Hollywood!’” Sterling said. “And I knew that maybe a year or two later, but before puberty I knew I was going to be on the air. And it really helped me because I didn’t worry about school, because I knew what I was going to do. And it was a good thing because I was a terrible student — terrible.”

He started his radio career in 1960 at a station in Wellsville, New York.

“I was preparing this all my life. It was easy,” he said. “I could always open my mouth and talk.”

Sterling cited Mel Allen, Russ Hodges and Jim Karvellas as influences. He wound up joining Allen in the history of memorable Yankees broadcasters along with Red Barber, Phil Rizzuto, Bill White and Frank Messer.

Sterling announced the NBA’s Washington Bullets and Morgan State football in his early years and gained notoriety for shrieking “Islanders goal! Islanders goal!” during the hockey team’s games from 1975-78. He broadcast for the NBA’s Nets from 1975-80.

Sterling’s first connection with the Yankees was during WMCA pregame radio talk shows from 1971-78. He moved to Atlanta and worked for the Braves from 1982-87 and Hawks from 1981-89 before switching to the Yankees, where he replaced Hank Greenwald.

Sterling was seldom in the clubhouse and dressed in Brooks Brothers suits even though he was on the radio.

He partnered with Jay Johnstone (1989-90), Joe Angel (1991), Michael Kay (1992-2001), Charley Steiner (2002-04) and Suzyn Waldman (since 2005). Sterling and Waldman were inducted into the New York State Broadcasters Hall of Fame in 2016.

He was married to the former Jennifer Contreras from 1993 to 2004. In addition to her, he is survived by triplets Bradford, Derek and Veronica, and daughter Abigail.

Sterling was proud of his unique style.

“Harry Caray told me some years ago,” he recalled in 2024 of the famous Chicago Cubs and White Sox broadcaster, “and he says, ‘John, all the guys are great. We just have different styles.’ And no one has a more different style than I have.”