Over 28 million people are concerned about the impact Brexit will have on the cost of foreign currency and holidaying in general, new research has revealed. The research by currency exchange firm WeSwap found that more than half (54%) of those asked are ‘most concerned’ about the impact on their travel plans of the UK leaving the European Union.
Almost a third (30%) believe that Brexit will affect their holidays more than any other aspect of life.
Over 63% of millennials are concerned that the cost of their holidays will increase once the UK leaves the EU. And 43% of those aged 18-34 believed that their travels abroad would the area of life most affected by the UK’s withdrawal from the EU. Almost two thirds Londoners and 60% of Scots fear that holidaying in general will become more expensive.
Rob Stross, chief marketing officer of WeSwap said: “It is near impossible to predict exactly how Brexit and upcoming political events will impact our everyday lives and our freedom to travel to all corners of the globe. For those who are still planning on booking a winter break, it is best to prepare as early as possible for any possible outcome. From travel insurance, checking passports to buying foreign currency, preparing these as early as possible is more likely to mitigate risk.”
