Holidays become more costly as pound slips to nine-month low
The pound has hit a nine-month low against the euro, increasing the cost of holidaying in some of the most popular destinations.
Sterling has also slipped against the US dollar, falling to below $1.29 for the first time in almost a year.
Analysts said the slide was due to fears that Britain will exit the EU without a trade deal with its European partners.
It follows comments by Bank of England governor Mark Carney that the chances of a no-deal Brexit were ‘uncomfortably high’.
Experts have warned that the pound could dip further unless Britain’s Brexit negotiations with the EU take a more positive turn, and unless there are further increases in interest rates in the UK following the quarter point rise last week.
Linsey McNeill
Editor Linsey McNeill has been writing about travel for more than three decades. Bylines include The Times, Telegraph, Observer, Guardian and Which? plus the South China Morning Post. She also shares insider tips on thetraveljournalist.co.uk
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