The Great British Pound's (GBP) value against the United States Dollar (USD) has sunk to near record low levels this week. In late afternoon trading today, the rate was sitting at $1 to £1.20. Since 2003 records, the only two times the pound has been this low was after the Brexit vote in 2016 and the beginning of the COVID-19 pandemic in 2020. Rates somewhat recovered after those two occasions back up to the 1.30-1.40 range.
Some of the reasons (via The Telegraph) for this fall is due to the ongoing issues in Ukraine, supply chain issues following the COVID recovery, Brexit economic issues starting to come to fruition, possible UK/EU trade war over Northern Ireland, and most recently, Scotland's desire once again to try for another independence referendum. These domestic issues are coupled with the US Fed signalling more agreessive interest rate hikes to deal with inflation. Interest rate hikes usually result in a stronger currency.
If you're travelling to the US soon, make sure you're getting the best exchange rate possible and not paying any unnecessary fees. Click here to view our Walt Disney World spending money guide.
Book your 2023 Walt Disney World Resort holiday today to take advantage of Disney's "The Magic is Yours" package . Book your stay on select dates to take advantage of Disney's best offer for 2023.
"The Magic Is Yours... Read more >
Disney has released the first official real world photos of the Grand Hall inside Disney's newest ship, the Disney Wish. This fairytale-inspired space is a tribute to the story of Cinderella and includes a beautiful bron... Read more >
Disney announced two years ago that Splash Mountain at Magic Kingdom will be re-themed to a new The Princess and the Frog attraction. Today, Disney has announced that attraction will be called Princess and the Frog: Tian... Read more >
In a new twist to the new and upcoming direct high-speed Brightline train currently under construction, comes the news that there will be a stop near Disney Springs. Originally, this new route - direct from Orlando Inter... Read more >
Disney's stunning new cruise ship - the Disney Wish - had her christening ceremony yesterday. That means that the media preview days are underway. There will be snippets of new information and experiences onboard being r... Read more >
Disney announced last month that Bibbidi Bobbidi Boutique would be returning this year. Today, we have a date! Disney have confirmed that Bibbidi Bobbidi Boutique at the Magic Kingdom will reopen on August 25, 2022.
Read more >
The Walt Disney Company board (via SA) have unanimously voted to extend CEO Bob Chapek's contract for another three years. This means that Bob Chapek will likely be the CEO of The Walt Disney Company through February 20... Read more >
The EPCOT International Food & Wine debuts on July 14th and will run through through November 19th. Today, Disney has released the menu offerings for the event. With more than 25 Global Marketplaces, indulge in cuisines... Read more >
It was announced at the end of 2021 that Brits will have start paying a €7 fee to enter the EU (just like we have to pay $21 for our ESTA's to enter the US). For those Brits who want to visit Disneyland Paris, you must... Read more >
Orlando Business Journal is reporting that Disney has scrapped the Walt Disney World train station stop on the upcoming Brightline route. Brightline announced in 2019 that they will be building a new high-speed train rou... Read more >