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Explained in plain English

Why are my holidays more expensive?

When the pound falls against other currencies like the dollar or euro, it means your money buys less abroad. So, if you're planning a holiday to the US or Europe, things like hotels, meals, and souvenirs will feel a bit pricier. Your spending money won't stretch as far as it did when the pound was stronger.

Stories that explain this

Pound falls 0.2% against the dollar as markets wait for American inflation data