Holiday News

Pound's record drop hits money changers in S'pore, sparks interest in travel to UK

  • 📰 thenewpaper
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 63%

Holiday Holiday Headlines News

Holiday Holiday Latest News,Holiday Holiday Headlines

The ripple effects of the British pound's plunge could lead to some opportunities for businesses in Singapore and Singaporeans, but some businesses are feeling the heat. On Monday, the sterling dropped as much as 4.9 per cent to an all-time low of US$1.0327 before...

"The difference in the rate is huge, and I hope it's temporary because it's causing a loss for many money changers," he said.

Travel agency EU Holidays has seen a sharp rise of about 30 per cent in inquiries about holidays to Britain since Sept 10, said Ms Mandy Chen, its marketing manager. "Singapore businesses may also look for bargains including real estate, but those dependent on exports to the UK may suffer from a combination of potential UK recession or growth slowdown and a more expensive Singdollar as compared to British pound sterling."

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 7. in HOLİDAY

Holiday Holiday Latest News, Holiday Holiday Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Pound's record drop hits money changers in S'pore, sparks interest in travel to UKMoney changers said the Singdollar was valued at about $1.54 against one pound at 7pm on Monday, compared with $1.63 at the end of August. Read more at straitstimes.com.
Source: straits_times - 🏆 5. / 69 Read more »