09 Jun 2017
Tags: travel, currency exchange, currency, Brexit, exchange rate, euro-sterling exchange rate
Comment from Jon Ostler, UK CEO, finder.com/uk
"The UK travel industry faces increased uncertainty at the outcome of a hung parliament in last night's election. Already facing a perfect storm, the travel industry will continue to feel the impact of Brexit compounded with the relsults of the election.
The uncertainty of the hung parliament has given Sterling yet another hit, with a 2% drop overnight. For many; the worst result for confidence in currency. Signs of certainty and stability as the nature of the next government becomes apparent will help currency. According to finder research, Brexit has already added 11.9% to the price of a holiday and if you're booking travel or buying currency, hold onto your money and think about going all-inclusive. The prospects of a hard Brexit may be less, but the only certainty is uncertainty."
- Visit the live finder Brexit Pound Tracker to see how major events have driven the value of the pound since the EU referendum: https://www.finder.com/uk/brexit-pound
- See how Brexit has added to the cost of travelling to Brits' favourite destinations:https://www.finder.com/uk/weakened-british-pound-costs-uk-summer-holidaymakers-an-expected-1-1-billion-pounds
Notes to editors:
- CEO of finder UK, Jon Ostler, is available for comment, opinion or interview.
For further press information:
Aaryn Vaughan/Yasmine Triana/Julie Aguilera
Rooster PR
T: +44 (0)20 3440 8930
E: finder@rooster.co.uk
About finder:
finder, Australia's #1 comparison site, launched in the UK in February 2017.
Founded in 2006, finder has over three million MUUs and has helped consumers make 15 million decisions over the past decade.
finder is entirely independent, offering consumers unbiased content, comparisons and, wherever possible, a full market view.
So much more than just a comparison site, finder provides in depth guides, advice and editorial content to help consumers better understand all the options and products available.
Committed to educating and empowering consumers to make informed choices and ultimately, to make savings, finder's success is based on the provision of up to date and relevant information supplied by dedicated, round the clock research teams.
Categories currently available in the UK include money transfers, travel money, gas & electricity, mobile, broadband, and TV streaming. New products (including insurance, credit cards, loans, mortgages and pensions) will be rolled out over the coming months.
Currently operating in four countries –Australia, New Zealand, USA and the UK – finder employs over 120 staff and aims to increase global presence to ten countries in the next 12 months.