Here's How Cheap It Will Be To Book A London Vacation After Brexit
Ignore all the economic turmoil in the wake of Brexit. There's a shining light at the end of the tunnel for Americans.
The British pound has fallen to its lowest in 30 years. This is terrible news for the UK. In fact, it's had such a negative impact on Britain, France's economy is now stronger.
Shockwaves from the decision are being felt all over the world, and we're not even exaggerating:
But for people in the US, there's never been a better time to book a holiday to London.
Look at this exchange rate graph.
You can't argue with the graph. It's so official:
It shows the pound dramatically plummet over the span of three hours. Before the votes were counted, the pound was worth between $1.45 and $1.48.
That exchange rate was already pretty low for Brits, and the market had previously responded to the forecast by devaluing the pound.
But it shot down more than 10 cents overnight. At its lowest, it was worth $1.33.
It's climbed since then to an average of $1.37.
So, let's take a look at taking a London holiday. We found this one on TravelZoo:
OK, that's pretty decent. Eight nights in London town – a central location – for $1,125. Right now, that's £759.15.
Let's say you bought this holiday back in March this year.
THEN, it would have cost £810.55, according to Oanda. That's a savings of $76.17.