June 25, 2016

3 reasons why Brexit won’t affect your ski holiday in France this winter

 

1

Regardless of which way you voted, the events of 23rd & 24th June are huge & the resulting uncertainty will be the hardest thing for many people over the coming months. However, the impending political divorce between the UK and Europe won’t really affect your ski holiday this winter and here’s why:

  1. The Euro and the British pound are fairly well correlated in this scenario. By that I mean, that the uncertainty affecting the strength of the pound is also affecting the Euro in almost equal measures and is likely to continue that way & therefore the exchange rate betweeen the 2 currencies is unlikely to be subjected to moves that we have seen between GBP and USD. For example, the GBP-EUR exchange rate was hovering between 1.25 – 1.28 for most of June (with the exception of the last few days before the referendum when the markets started to bet on a ‘Remain’ outcome). Following the result, the rate has moved to around 1.20 ever since, a move of just less than 4%
  2. Your travel to France will be the same as it’s always been. Your EU passport will still allow you to travel freely to France, without the need for a visa or a stamp, & your EHIC insurnace card will still provide access to healthcare. This won’t change before the end of next winter, if at all.
  3. Although Brexit is a BIG deal that will affect us all in many different ways, the one thing we can say for sure it will not affect is the weather. The snow WILL keep falling!