Eli5, the British pound has hit an all time low. I am traveling to the UK next month from the US. If I change my US money to sterling will things cost me more or less?

Question

Or should i use my US credit card instead?

In: 0

Answer 1

Things will cost less. It’s unlikely to be ‘cheap’ still as inflation is also a problem in the UK.

If you had budgeted $1000 to spend, now you will have £940 to spend vs. a few weeks ago you might have only got £840 to spend…