It’s going to stay low for quite a time so yes, holidays will be more expensive BUT first, more Brits will do ‘Staycations’ here and that will help the UK Tourist industry BUT much more important, we will be a cheaper holiday destination and we can expect a lot more tourists spending their money here. Currently we have a big, negative balance of payments problem in Tourism – £16.9 billion. So, a weak pound is really going to help UK plc, even if not your holiday in the sun.

Chris Ingram 10/08/2016