United Kingdom

How much can you save travelling                         now to

Hotel

April 2021

Room in 5-star hotel costs from €316, which in Nov 2019 was €527. 

You can save on your hotel costs:

 -40,1%

Food

April 2021

2 dinners, 2 beer, 2-litres Coca Cola costs €88, which in Nov 2019 was €92. You can save on food costs:

-4,3%

Shopping

April 2021

Cinema ticket, Zara dress, Levi's jeans, Nike sneakers and iPhone XS costs €1351, which in Nov 2019 was €1092. You can save on shopping:

+23,7%

Why the United Kingdom is cheaper now?

The British pound has faced the lowest levels for 2,5 years on the fears of no-deal Brexit. After Boris Johnson was elected for the position of Prime Minister and declared that Brexit would happen either with or without deal, British currency fell dramatically.  

 

Investors see less need in pound in future, probably because London would lose its importance as global financial center. Due to the fact that Britain imports more than exports, the effect of pound drop will be very negative for the economy. 

 

After the decision made, it has brought some clarity to investors. But during the pandemic GBP has grown back on the hopes of faster economical increase in comparison with EU. 

Pound Sterling has gained more than 4% in comparison with Euro and gained more than 2% with USD.

Inflation rate is 0.7% and EU inflation is 0.9%.  

  

Tickets

There are plenty of cheap tickets to the UK from other European countries. The cheapest tickets in April are:

15€ from Gdansk 

17€ from Cluj-Napoca

18€ from Milan

20€ from Vienna

The BigMac Index by The Economist suggests that The British Pound is 22% undervalued if we look at the Raw Index. And is 6% undervalued using GDP-adjusted methodology.

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