How to benefit from a low pound rate?
London, one of the largest European capitals. A city of millions, where history mixes with modernity, where multiculturalism merges with tradition creating a unique exotic mix, wonderful museums and simply an unforgettable atmosphere. Edinburgh, the capital of Scotland with an unforgettable atmosphere and wonderful monuments. What connects these two cities? Easy access, all you need to do is take advantage of the ferry crossing and we are "almost" there, and the recent pound rate drops, almost equaling its value with the euro, bring Great Britain closer to Polish tourists.
The uncertainty associated with Brexit, the constant lack of agreement with the European Union, changes in the English government and announcements of the new head of government, Boris Johnson, do not support the exchange rate of the UK. In the last week, the pound recorded the lowest values since the minimum in 2017.
Analysts JP Morgan in the face of uncertainty about the Berexit and the real threat of the United Kingdom leaving the Union without a contract, predict that the pound exchange rate will weaken against the euro by a further 3 percent by the end of the year. Similarly, the President of the Bank of England, Mark Carney, predicts a further decline in the pound, calling it "a real economic shock." Such a scenario does not bode well for either the British currency or the economic situation. In addition, the Office of National Statistics data show that the UK economy is slowly receding and has fallen 0.2 percent in the last quarter for the first time since 2012. Investors, uncertain of the situation, are increasingly withdrawing capital from the UK and investing in other European markets.
However, for tourism, a low pound exchange rate is good news and brings significant benefits. England, unavailable until now due to high costs for many Polish (and not only Polish) tourists, has suddenly become affordable, like other countries where the currency is the euro. Suddenly, London or other cities in England were within our financial capabilities. In addition, at least until the United Kingdom leaves the Union, entry into the United Kingdom still applies on the basis of entry into the countries of the European Community, reducing formalities when crossing the border with the Schengen area.
In Poland, the holiday season is still at its best and for children without children it will last until the end of October or longer. During this period, a car trip and ferry crossing seems to be an attractive departure option, especially if the autumn weather maintains good weather. Depending on where we are from Poland, our desire and the time we have, we can divide the journey into several smaller sections, stopping for accommodation in Germany, the Netherlands, Belgium or France. We have several crossing options. On the most popular route to London, we can sail from Dunkirk or Calais, arriving at the port of Dover, where we will be greeted by charming white cliffs. The award-winning ferry operator DFDS offers up to 54 crossings per day, well-equipped ferries and baggage restrictions do not exist.