Brexit Continues To Slam Pound To Record Low Rates
News 22-May-2019
No matter your view on Brexit–it's hammering our British Pound. The GBP>USD exchange rate is hitting new lows at around £1>$1.26 today, which means you're looking at about £1>$1.23 at retail. As we get closer to the summer holidays and the busiest Disney World season, people are going to be starting to look into their currency needs and wanting to get the most bang for their buck.
It's becoming more popular to use 0% travel money cards and 0% credit/debit cards, but some people still like to take at least some cash (especially for things like tips).
The million dollar question is when to buy your currency. Sadly, nobody really knows. Depending on what happens with Brexit, and how long it gets dragged on for, it can continue to damage the currency and make the rates worse until we get some certainty.
Please, don't
The exchange rate is bad enough as it is, don't add to your costs by using your normal debit/credit cards or buying currency from the airport. Make sure you open a 0% debit card account (Starling, Monzo etc), a 0% credit card (Santander Zero etc), or get a travel money card.
Getting Cash Currency
The Post Office currently have a USD sale running, where you can get a little bit of a boost to your rates. Check it out at the link below.
