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The pound has been battered in recent days after polls showed Theresa May's lead over Jeremy Corbyn has dramatically fallen. Sterling hit multi-week lows against the dollar after polls
showed the Conservatives may not breeze to victory on June 8. Britain's currency has since recovered some of its losses, but is set to see-saw in the days leading up to the election.
But if the Conservatives fail to win a majority in the election, uncertainty would increase - which could put further pressure on the pound, according to experts. Families heading overseas
this summer and worried about sharp drops to the pound could buy some of their holiday currency ahead of the election. Another option is to buy travel money at today's prices with firms
that offer guaranteed buyback deals. It means travellers can lock in a rate at today's prices, but if the pound travellers can sell their money back at the same rate to buy holiday
cash at the more favourable level. American Express, Travelex and Moneycorp are among the firms that will buyback holiday cash - but some firms limit the time for buyback and there are
usually fees for the service. Alexandra Russell-Oliver, currency markets analyst at Caxton, said: "During times of volatility and around major political events, it can be worth
purchasing your holiday money ahead of time or hedging your bets. "This could involve purchasing half of your currency requirement now and half later. "That way, you can benefit
from the higher exchange rate on at least half of your holiday funds."