Property News · June 11, 2017

Double whammy for British tourists as pound plunges and prices rise abroad


Sterling value drops again as the markets react to UK’s political turmoil, with tourists losing hundreds of euros in exchange rates compared with two years agoBritish tourists travelling to the continent this summer will lose hundreds of euros in exchange rates compared with two years ago, as ongoing political turmoil continues to hit sterling.Holidaymakers buying €1,000 can now expect to pay around £879 after sterling dropped as markets reacted to the result of the snap general election. In July 2015, well before the EU referendum in June last year, British travellers visiting Europe could expect to pay about £700 for €1,000 – a difference of almost £200 in two years. Continue reading…

Source : theguardian.com
Read more…Double whammy for British tourists as pound plunges and prices rise abroad

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