Travel insurance customers to get 'cheaper holidays'
26 June 2009 10:19
British travel insurance customers could soon find their holidays getting less expensive, it has been suggested.
The prediction comes from foreign exchange specialist HiFX, which hinted the pound is likely to get stronger.
It follows the European Central Bank (ECB) announcement stating sterling was up 0.36 per cent against the Euro on Friday (June 12th).
HiFX currency strategist Marc Cogliatti explained trips abroad would come down in price, but added it is unlikely they will reach the low of two years ago.
"In the grand scheme of things the pound is now 15 per cent higher now compared to where we were at the start of the year - that is obviously good news for holiday makers," he said.
Mr Cogliatti commented he had noticed how expensive trips to Europe had seemed after visiting the continent earlier this year.
Travel insurance customers may therefore decide to head somewhere further afield to make their money stretch further, such as South Africa, which is hosting the Confederations Cup at the moment.
-
Airline passengers were left stunned after half of all flights from Heathrow were axed despite dry weather being forecast following...
[more...]
-
Health officials in Mexico have reported that a swine flu epidemic is sweeping the country.
[more...]
-
Hungary's national airline
Malev has ceased flying after 66 years in service, it has been announced.
[more...]
-
A new world record has been set after 145 water-skiers were pulled along by just one boat.
[more...]
-
Heavy fog affected the plans of hundreds of travellers earlier this week when around 35 flights were cancelled from Abu Dhabi's...
[more...]
-
Adding optional extras for flights can now be as easy as choosing the right
travel insurance policy after the
...
[more...]
-
Parents taking asthmatic children on holiday may be interested in research that claims some cases of the condition may be caused...
[more...]
-
At least 22,000 passengers have been affected after an airline went bust, stranding customers at Spanish airports.
[more...]
-
A cross-country ski festival in the US is being moved with a week to spare after snow weakened ice.
[more...]
-
The NHS has issued guidance for people with diabetes about what they eat while they're on holiday.
[more...]
-
A new customer-friendly website has been launched by GolfHolidays.com to ensure that enthusiasts of the sport have the easiest...
[more...]
-
Typhoid cases have risen in parts of Zimbabwean capital Harare amid reports that some residents are no longer shaking hands for...
[more...]