BRIT tourists could face a money “shock” on their summer hols as sterling slides to a two-year low amid fears of a no-deal Brexit.
Holidaymakers buying Euros at the airport can expect to recieve a pitiful 98 Euro cents for their pound – down from the summer of 2015, where they could expect to get €1.32.
The plunge came in 2016 after the UK voted to leave the EU.
Tourist rates are based on trading levels in international markets – with the pound slipping to its lowest level against the dollar in 27 months.l
James Hickman from travel money firm FairFX claimed the rate will not get better until Brexit is resolved.
He said: “It will be a big shock for tourists to Europe if they are expecting to get good value this year.
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“All pointers are that we’re in for a rocky road.
“If people are waiting to buy at a better rate I don’t think that’s going to happen.”
He added that sterling could hit parity against the dollar in the event of a no-deal Brexit.
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