The article discusses the impact of the declining pound against major currencies on holiday expenses for British travellers. It highlights the decrease in purchasing power for sterling abroad and provides insights on how to navigate holiday budgeting in this economic climate.
Take note when planning your holiday budget If interest rates and inflation make your head spin, it can often leave you asking: ‘What does this mean for me?’ And one area we all care about, is how much it costs to go on holiday. The pound has recently dropped in value, which is directly linked to factors like the rise in government borrowing and concerns over the strength of the UK economy.
It’s also dropped against the Euro In fact, new research from travel money specialists No1 Currency shows that since October 2024 – when Rachel Reeves announced her first budget – the pound has fallen against 51 currencies. There are just three where the pound is currently up: the Hungarian forint, the New Zealand dollar, and the South African rand. Here’s the full list of all 51 countries, and the value of the pound against their currencies.
EXCHANGE RATES INFLATION TRAVEL BUDGET POUND STERLING HOLIDAY COSTS
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