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

A strong dollar ( ie fewer dollars to the pound).is good for people changing from dollars to pounds, it makes things cheaper for them. The price in pounds is the same for a given item, but it will cost you less the stronger the dollar gets.
Id always take some cash (£200 would be ample) and also your credit and debit card too. You may find you get a slightly better rate using your credit card than cash as your credit card company obviously buys pounds on the wholesale market, so gets a better rate than you, and you will normally get some of the the benefit of that better exchange rate passed onto you.
Should you need more cash ATMs are everywhere, so getting more cash won’t be problem if you need it.