The pound fell to its lowest level against the Euro since 20 January, down by 0.63 percent at €1.1398 in early trading on Tuesday.
And the currency fell as much as 0.5 percent against the dollar to $1.2153, Bloomberg reported.
The currency flux has increased prices for a range of everyday goods and services.
Ikea’s boss told HuffPost UK last year that the firm could not rule out post-Brexit price rises if tumultuous currency rates continued.
Sterling was down against the dollar by about 19 percent since the Brexit vote in January, but recovered slightly before Tuesday’s falls.
But it is the pound to Euro exchange rate that’s of particular concern to many.
Europe is the most popular holiday destination for Brits, with some 47 million visits in 2014, according to the BBC.