Brexit fallout: Travelling to Britain will get cheaper after pound loses value
Travel companies in the country have said tourism to the UK is likely to increase and more Indian students could choose to move there.
Following Britain’s vote to exit the European Union on Friday, global markets and currencies plummeted, including in the United Kingdom. The pound dropped to a 31-year low, while the UK’s FTSE 100 crashed. Travel experts have said that with the pound’s value dropping, the country is likely to attract more tourists from across the world, including India. More Indian students are also likely to choose universities in the UK now.
On Thursday, Britain went to the polls to vote on whether it should remain with or leave the European Union. On Thursday night, the pound closed on a high as pollsters predicted UK would remain with the EU. However, as counting trends pointed to a Brexit, as it came to be known, several global currencies crashed, along with the pound. UK’s markets also plummeted, as did Asian and US markets. Global markets were estimated to have lost around $2 trillion after Brexit on Friday. However, analysts are unsure how long the pound will remain unsteady for.
