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Strong pound boosts Brits Christmas overseas spending power

Money

The pound's current strong showing against the euro and other European currencies means that British travellers have 13% more spending power than they did last winter. The good news for Brits looking to splash their cash abroad in the run up to Christmas comes courtesy of a new analysis by Post Office Travel Money.

Sterling's rise

Sterling has started to rise in value against European currencies in the past two weeks and this means that a wide range of destinations now represent even better value for money for those of us visiting from the UK. The Post Office report looked at 12 cities across Europe that are popular Christmas market destinations and found that all of them will be cheaper to visit for UK holidaymakers than this time in 2014. The strength of the pound translates into a greater spending power of almost 12% in destinations within the eurozone destinations, but Budapest bound Brits will enjoy an even bigger boost of 13.7%. Post Office Travel Money spokesman Andrew Brown commented: “Sterling’s strength brings glad festive tidings for shoppers visiting Europe.” “Not only will they have up to £60 more in their pockets when they change pounds into European currency, but they will also benefit from the low prices in many cities,” he added.

Budapest is best 

The new report identified Budapest as the best value destination for anyone looking for a Christmas market break with a weekend for two costing around £405. This includes all travel items such as return flights, B&B accommodation and airport-city centre transfers. As well as that, two evening meals for two with wine, coffee and festive drinks and snacks at the Christmas Markets will all come in for just over £200 each. The figures mean the Hungarian capital is more than a third cheaper than the highest-priced city in the survey which was Vienna, where it costs £653 for the same arrangements. Brown issued one word of warning to potential travellers though, saying they need to do their homework before travelling as “prices are not universally lower than in London” in certain locations.

If you’re thinking of travelling abroad to visit a Christmas market this year, don’t forget to arrange your Single Trip Travel Insurance in advance.

Date Created: 17 November 2015

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