Britons face dearer holidays after the pound approached parity with the euro. Sterling slumped to an all-time low against the single currency and to its worst rate for 18 years against other major currencies. When the pound was at its strongest nearly two years ago, £100 bought 145 euros.By last night, the official 'tourist rate' suggested this had dropped to 107 euros. But those buying their currency at the last minute at airports are being handed as little as one euro to the pound - in some cases even less. At Luton Airport, one bureau de change was offering 1.04 euros to the pound. Accompanied by a hefty £4.50 commission charge, it meant travellers handing over £100 received only 99 euros. (Source: Daily Mail)