As most of you have undoubtedly heard, the United Kingdom (UK) has voted to leave the European Union (EU). The deadline for leaving the EU is two years from now. And over the next two years more and more changes will occur for the nation of the UK, the EU and for travelers.
But what does this mean for Americans traveling or planning to travel to the UK in the near future?
Well, you’ll definitely spend a little less. As reported by the L.A. Times today, the “the pound to dollar exchange dropped 7.44% to $1.3766, the lowest level in decades.” Essentially, your dollar will go much further now than it did two days before the vote. Come on, you can admit – you’re a little excited. Who doesn’t like to save a buck or two while traveling?!
Other than the immediate effect on the currency, it’s really unclear what leaving the EU means for travelers in the long term. However, with any trip overseas, you’ll want to be prepared for the unexpected. The right travel insurance plan may help to alleviate some of the expenses that come with the unexpected travel concerns.
We are going to keep an eye on any new information to keep you up-to-date on how Brexit will change travel in and around Europe.