United Kingdom

How much can you save travelling                         now to

Hotel

August 2020

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

You can save on your hotel costs:

 -40,1%

Food

August 2020

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

August 2020

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. 

 

The sluggish uncertainty of Brexit negotiations between the UK and EU, has changed to the real fears of “hard Brexit” with all the hardships it would bring. It scares investors, businesses, but is perfect for European travelers, who are able to visit the UK much cheaper than before.

Pound Sterling has lost more than 8% in comparison with Euro and gained more than 7% with USD.

Inflation rate is 0.6% and EU inflation is 0.7%.  

  

Tickets

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

11€ from Dublin 

11€ from Prague

11€ from Vienna

11€ from Budapest

The BigMac Index by The Economist suggests that The British Pound is 22% undervalued if we look at the Raw Index. And is 8% undervalued using GDP-adjusted methodology.

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