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Pound to euro exchange rate: GBP flat amid Bank of England news | Travel News | Travel

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The pound appears to have remained unaffected by two important pieces of data were expected released yesterday. According to Bloomberg, the pound to euro exchange rate opened at 1.1058 today. Meanwhile, the euro has seen a 0.12 per cent rise against the dollar, by 0.0014. The euro to US dollar rate stands at 1.1460, Bloomberg said.

Yesterday, sterling was trading at €1.106 against the euro, the company said.

The pound to euro exchange rate closed last night at 1.1057.

This morning, there was a 0.02 per cent rise, with Bloomberg revealing the exchange rate currently stood at 1.1059.

It came before two new sets of information were set to be unveiled by key industry bodies.

The Office for National Statistics released retail sale figures for November.

The official figures revealed sales rose by 1.4 per cent from October.

However, the same report highlighted that sales growth over the three months to November was 0.4 per cent.

This is the slowest rate since April.

Yesterday, the Bank of England announced borrowing costs would remain unchanged, at just 0.75 per cent.

The BoE also warned that the current Brexit uncertainty could have an impact on the UK financial markets.

It came shortly after the date for a vote on Theresa May’s Brexit deal was set.

MPs will vote on the UK’s Brexit deal in the week beginning January 14.

Thursday’s rate saw the pound lose 0.5 per cent against the euro.

Laura Parsons, currency analyst at TorFX, told Express.co.uk that despite yesterday’s “struggle”, the rate could “creep higher” today.

She said: “The GBP/EUR exchange rate struggled on Thursday as the Bank of England (BoE) left interest rates on hold and cut its UK growth forecasts.

“While the pound did derive some support from a rebound in UK retail sales, the resolution of the Italian budget crisis prevented any positive moves in GBP/EUR.

“The pound is currently trading in the region of €1.106 but could creep higher before the weekend if domestic growth data shows quarterly expansion of 0.6% as expected.”

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Travel & Escape

American woman faces $2,800 parking bill after leaving car in Toronto during pandemic

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Parking in the city can be costly, but one American woman is learning just how bad it can be after being unable to retrieve her car for nearly a year.

Detroit resident Kim Richardson left her 2004 Honda Element at the Park2Sky lot by Pearson airport in March 2020 before flying out to Europe for a medical procedure. She originally planned to retrieve it within two weeks but partway through her trip, the Canada-US border got closed due to COVID-19 precautions.

Richardson’s return flight was rerouted to Detroit and she’s been unable to return to Toronto since.

What was originally a $100 bill has now inflated to $2,800 as the lot’s owner says he has a business to operate and is owed payment for 11 months of storage. However, Richardson believes she’s being extorted for an issue beyond her control.

Park2Sky personnel claim that several Americans who found themselves in similar predicaments have had their cars shipped home.

“I don’t understand, I don’t know what’s going on here. Business is down, I’m not making any money at all. People who leave their car are paid. She’s the only one that hasn’t paid,” said the owner to CBC News this week.

The stalemate is expected to last a while longer as travel restrictions remain in place and Ontario Provincial Police have said they won’t get involved in a civil matter.

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All systems are go for St. Lawrence Cruise Lines in 2021

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KINGSTON — Despite Canada’s newly extended cruise ship ban, Canadians still have a small-ship cruising alternative in 2021 with St. Lawrence Cruise Lines.

The small-ship operator, which sails on the St. Lawrence and Ottawa Rivers, has confirmed operations for 2021, with overnight cruises on both rivers from May 20 to Oct. 24. A variety of cruises ranging from four to seven nights will depart from Kingston, Ottawa and Quebec City, sailing exclusively in domestic waters with stops at select ports in Ontario and Quebec.

On Feb. 4, Canada’s Minister of Transport, Omar Alghabra announced that Canada’s cruise ship ban will be extended until Feb. 28, 2022. This measure, which effectively prohibits cruise vessels carrying more than 100 passengers from operating in Canadian waters, does not impact the small-ship operations of St. Lawrence Cruise Lines and its 32-stateroom CANADIAN EMPRESS.

“We are excited to offer travellers a small ship option for the 2021 season,” said President Jason Clark. “Our overnight cruises stay close to shore in Canadian waters and our COVID-19 Health and Safety program has been recognized for its high standards.”

This past December, the cruise line was awarded the Safe Travels Stamp by the Tourism Industry Association of Ontario (TIAO) for adherence to global standards of health and hygiene. The program includes a wide range of safety measures, including reduced passenger loads, masking, physical distancing and hospital-grade electrostatic disinfecting for both private staterooms and shared spaces. Plus, all staterooms have access to fresh air, climate controls and views of the river.

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Here’s How Canada’s ‘Screening Officers’ Will Check On Travellers During Quarantine

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The federal government is reminding all travellers in Canada that “Screening Officers” may pay them a visit post-arrival.

In a statement about the country’s latest travel restrictions, Transport Canada confirmed that newly-trained officials would be tasked with checking up on travellers during their two-week quarantine period.

The role of the Screening Officers will be to visit travellers’ quarantine locations to “establish contact, confirm identify and confirm that travellers are at the place of quarantine they identified upon entry into Canada.”

This is to make sure individuals are complying with Canada’s mandatory 14-day quarantine requirement.

The checks will be conducted across 35 Canadian cities, having already started in Montreal and Toronto back in January.

The officials will provide “compliance education” and will be able to issue verbal warnings, but stronger enforcement action will be referred to the Public Health Agency of Canada (PHAC) and then law enforcement for follow-up checks. 

Failing to comply with the Quarantine Act or with Screening Officers’ instructions could result in fines of up to $750,000 or even jail time.

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