Two in ten Moneywise users change holiday plans following Brexit vote
Two in ten (21%) Moneywise.co.uk users have changed their holiday plans as a result of the pound plummeting following Brexit.
Our latest poll, which attracted 756 votes, reveals that one in ten (10%) didn’t book a holiday at all this year due to currency issues, 5% booked a holiday in the UK when they usually go to Europe, 3% booked a holiday in the UK when they usually go outside of Europe, and 3% completely cancelled their holiday abroad.
Since the EU referendum result was announced, the pound has fallen against both the euro and the US dollar.
On 22 June – the day before the EU referendum – according to currency website XE.com you could get €1.20 for £1, but this has since fallen to €1.16. In comparison, the highest rate recorded this year was €1.33 in January.
The value of the pound against the US dollar meanwhile has fallen from $1.32 on 22 June to $1.29 today. This compares to a high this year of $1.49 recorded on 23 June – the day of the referendum vote.
However, nearly half (45%) of those who voted in our poll, which ran between 2 and 9 August, said they booked a holiday in Europe (excluding the UK) as usual.
A further 16% booked a holiday outside of Europe as usual.
- See 10 cost-cutting holiday hacks if you’re jetting off soon.
Just one in ten (10%) said they have no time off this summer.
See the pie chart below for a full roundup of the votes (click to enlarge):