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After seeing a rapid increase against the Euro at the beginning of the week, the pound sterling has since fallen and as the pound continues to fluctuate, consumers looking to spend money abroad should shop around for the best deal.

When sending money overseas, consumers not only have to consider the exchange rate, but also charges and fees that they may incur for sending the money. For example , many high street banks will charge fees when customers send money internationally and some have increased the fees for sending money to countries within the European Union (EU) since the start of this year.

Consumers can avoid paying higher fees by using specialist international money transfer companies, but it is still important to compare rates to ensure they get the best deal possible. For more information about sending money abroad, visit our guide on how to send money abroad.

The Moneyfacts.co.uk Pick of the Week showcases the best of the latest products or rate changes to hit the consumer finance market.

TSB has launched a new bank account that allows customers to earn £5 cashback per month – here we take a look at whether it is worth opening and other cashback offers currently available on current accounts.

The new TSB Spend & Save Plus Account allows customers to earn £5 when they make 30 or more debit card payments each month. Although those considering this account should be aware that it charges a monthly fee of £3 – this would mean that over a 12-month period the account would cost customers £36, although customers should keep in mind that the maximum that can be earned through the cashback offer over a 12-month period is £60.

Saying this, the account does offer an interest-free overdraft facility of up to £100, so may be worth considering for those who regularly dip into their overdraft. The interest charged on overdrafts above £100 is 39.9% EAR. As well as this, the account does not charge for using the debit card abroad, which could be an added benefit for those who regularly travel overseas when it is once again allowed.

When Chancellor Rishi Sunak announces the spring budget next week, it is expected that he will extend the Stamp Duty holiday until the end of June.

Although no official announcement about the plan has been made yet, as we reported earlier this month, there has been pressure on the Government to extend the Stamp Duty holiday as many buyers are struggling to get their house sale completed before the current Stamp Duty holiday ends on the 31 March 2021.

In addition to this, the housing market has already started to slow down and some experts believe that extending the Stamp Duty holiday will help prevent a downturn in the housing market. More information about the Stamp Duty holiday and how much it can save house buyers can be found here.

Saying this, at the moment the Government has not confirmed a Stamp Duty holiday extension will take place, and as such home buyers should still look to complete before the 31 March 2021 in order to be certain that they will benefit from the tax holiday.