The continuing weakness of the US dollar against the pound is set to attract more travellers in search of ‘bargain holidays’ to the USA this year, a travel expert has claimed.
Adrian Jacob, trading director for exchange service Currency UK, said that holidaymakers looking to get the most out of their sterling are likely to book trips to America, where the pound is currently equivalent to roughly $2.
"When the currency hits the news and people know that the dollar is going to go to $2 to the pound, then people think it's a great trip," he commented.
The currency expert added that even without the recent drop in the value of the dollar, the US has remained a considerably cheap place for UK holidaymakers to visit for some time.
"Realistically, the States is a much cheaper place than the UK anyway," he said. "The reality is that the exchange rate has been at $1.90 for the last year…Obviously it's a psychological thing."
Although the slump in economic conditions across the Atlantic have been welcomed by UK travellers, there are growing fears among Americans that the country could be on the verge of a recession, with the Federal Reserve recently slashing interest rates from 4.25 per cent to 3.5 per cent.
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UK Travellers Benefit From Weak Dollar Fri, 01 Feb 2008      Recommended linksYour global travel portalHoliday checklist Tourist office finder Multi trip insurance quote USA holidays Surge In Brits Heading To The US British Travellers Warned Over US Exchange Rates |
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