ACRO Global Tourism Marketer Articles: GBP falls to official exchange rate of €1.07 and as low as €0.87 at airports

GBP falls to official exchange rate of €1.07 and as low as €0.87 at airports - lowest since 2009
By

David
01 September 2017 (Edited )

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David H. Boggs

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Related Articles	Weak pound effectively cuts UK tourism budget by 12% UK tourism benefiting from weak pound now but long-term impact is unclear

External Article: http://www.mirror.co.uk/money/pound-crashes-new-eight-year-11075648

Comments on GBP falls to official exchange rate of €1.07 and as low as €0.87 at airports - lowest since 2009

•David
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•David

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Posted 01 September 2017:

Weak GBP is good for UK exporters - including tourism businesses - but not so good for Brits wanting to holiday abroad.

UK tourism businesses benefit from both international visitors and staycationing Brits.

The GBP is likely to fluctuate and trend toward the weak side at least until Brexit has been resolved - and barring some cataclysmic change of plans, that will happen no sooner than March 2019.

So for the near future, Britain will be on sale in the USA as well as in the Eurozone and Asia.

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