Bank of England

Brexit is near: what does it mean for your pounds?

• • Smart money • 0

Not another article about Brexit! Everyone’s had enough. But if you’re planning a getaway in the coming weeks or months, and will be needing foreign currency, then this one might just help you save some money. So, cast away your Brexit fatigue – if only for just a few minutes – and read these answers to some common questions about the impact of Brexit on the pound from our very own CEO, Ian Strafford-Taylor. What impact has Brexit had on the pound so far? As of 24th January, the pound is 10% lower against the euro compared to the day […]

Holiday destinations to help make your holiday money go further in 2020

• • Smart money • 2

Holidaymakers who want to make the most of their travel budget after Brexit, pay attention: with the 31st January Brexit deadline day fast approaching, looking beyond the eurozone could be the key to getting a good deal. The important thing is to track the value of the pound to get more for your money. By choosing a destination where the pound is performing well, the cost of accommodation, shopping and eating out will decrease, allowing you to see more of the world, for less. Countries and currencies outside of Europe to watch in 2020 Now could be the time to […]

Brexit: your currency questions answered

• • Smart money • 0

Confused by Brexit? Unsure what it means for your holiday money? There have been so many queries about Brexit ahead the UK’s scheduled departure from the EU on 31st October that FairFX has set up a dedicated Brexit Support Desk. Here, Ian Strafford-Taylor, CEO of FairFX, answers some of the most common questions the support desk has tackled. 1. What impact has Brexit had on the pound? As it stands, the pound is 12% lower against the euro since the day of the Brexit referendum in June 2016. This means Brits heading to Eurozone countries will now get £132 worth […]

Airport

Post Brexit Travel

• • Explore the world • 3

Government has said that the UK will leave the EU on the 31st of October. This means if you plan to holiday in Europe after this date, you’ll need to think about the effects this will have on your travels. Here are some useful points on how Brexit might affect your travel plans. Is your passport valid? Passport requirements when travelling to a country in the EU are changing. This means that you will need to: Have at least 6 months remaining on your passport (from the date you return) Have a passport that was issued within the last 10 […]

Brexit and the pound: holidaymakers’ currency questions answered

• • Smart money • 0

If you’re planning a summer escape, but aren’t sure what Brexit means for your holiday money, then you’re not alone. There have been so many queries about Brexit, the ongoing negotiations and the impact it has on exchange rates, that FairFX has set up a dedicated Brexit Support Desk. Here are the answers to some of the most common questions the support desk has tackled. What has the delay to October meant for exchange rates? The pound has been on a rollercoaster journey against the euro since the 2016 referendum. The continued uncertainty that comes with the extension of Article […]