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

The flip side is that right now inflation is worse in the UK than the US per elsewhere in much of Europe. So if you have, say, hotel reservations that have the price listed but aren’t prepaid, a falling Pound is great. But if the price of a meal or theater tickets goes up by more than the exchange rate difference, it’ll still hurt.