Weak Dollar to Boost UK Outbound
JANUARY 19, 2007. Thomas Cook is expecting a rush of bookings to the US and Caribbean in the coming weeks as the exchange rate for dollars means great savings.
The exchange rate has moved dramatically in recent weeks, and means that holidaymaker' spending money will go 10 per cent further than a year ago.
Melanie Whitehouse, Director of Foreign Exchange at Thomas Cook said: "It's not often that an exchange rate jumps dramatically, but when it does it can be a real boon for holidaymakers. The US has always been a great-value destination, particularly for shopping, but the current rate means even greater gains. It means people can buy more extravagant dinners in New York or buy more gifts and souvenirs - great news when you want to shop till you drop in Bloomingdales! The US dollar is also the main currency for most Caribbean islands, so we're expecting to see a real boost in bookings there for this year thanks to the exchange rate. "
Thomas Cook reports that the Euro has also dropped against the pound, meaning savings of around four per cent. This spells good news for anyone planning a holiday closer to home, such as Spain, Greece, Italy, Portugal and France.
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