While it’s still not fully clear how our money will be affected by Brexit, one area where we are likely to notice a difference in our pockets is around holiday spending this summer.
Since the referendum result, exchange rates have dropped against both the dollar and euro. What this means is that you’re now likely to get less dollars or euros than you would last year. At its highest point in the last year, you would have been able to exchange £100 for €143, whereas now you’ll get €119. Likewise with the dollar, at its highest point in the last year, you would have gotten $157 for £100, $26 more than £100 would get you today.
While your pounds may not go as far as they would have last year, there are some savvy ways …