However, with the European holidays in full swing, Phillips said "this could cause some interesting volatility".

It's also offering more Europe bargains than previous years, with potential savings "in the thousands" for European holidays.

If you would prefer a short-haul trip, our selection of the best European holidays is sure to have something to inspire you.

If it really wanted to win a replay of the Nice Treaty referendum, the Government would have sent us all on European holidays this year.