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Pound to euro exchange rate: Brexit vote confirmed by Theresa May as GBP remains volatile | Travel News | Travel

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The pound has slipped against the euro since yesterday as the markets enter the middle of the last week of trading for 2018. Brexit continues to affect sterling’s movements with preparations for a no-deal Brexit being stepped up in case of May’s plan being rejected by MPs next month. Sterling is currently trading at €1.111 against the euro, according to Bloomberg. Michael Brown, senior analyst at Caxton, shared his forecast for GBP in 2019.

“Despite the previous sharp falls in value, sterling has generally recovered in the months following a sharp decline, for example with the pound easing back to post-crisis highs as uncertainty was removed from the market,” he said. “It remains to be seen whether this will occur post-Brexit.

“Looking ahead to 2019, there are few sterling-positive scenarios with the pound set to remain volatile and driven by Brexit related headlines.”

“A best-case scenario for the pound would be an orderly, soft Brexit combined with a shift in market thinking to price in further Bank of England rate hikes next year.

“This could yield three-four per cent of sterling upside although such an outcome looks unlikely at present.

“On the other hand, it is doubtful that firm progress on the EU-UK relationship is made next year, especially with parliament in the UK yet to decide on the outcome that it wants from talks, and the EU having other areas of focus including the Italian budget and European elections.

“In addition, while this uncertainty remains, calls for a second referendum or even a general election are unlikely to go away, keeping the pound under significant downward pressure in the near-term.

“In the event of a no-deal Brexit, sterling would likely experience a brutal sell-off, with the pound potentially losing more than 10 per cent of its value.”

Looking ahead at today, economists forecast the CPI data will reveal UK inflation slowed from 2.4 per cent to 2.3 per cent in November, likely softening the pound as it weakens the case for the Bank of England to raise interest rates again next year.

However, any losses in pound euro may be partially offset by the publication of the eurozone’s construction index.

An expected drop in activity could potentially dampen demand for the euro.

Travel expert Simon Calder has explained that Brexit shouldn’t put Britons off booking a holiday in 2019

On ITV’s This Morning show, Eamonn Holmes referred to the current worries circulating around Brexit and 2019 travel “project fear” but Calder reassured that the EU has said flights will continue if no Brexit deal is reached.

“I would have no hesitation booking a package holiday,” Calder said on the show.

“The worse that will happen is you will get your money back.” He pointed out that it could be helpful to visit proper travel agents for those who are worried.

What’s more, the current scare stories could result in more bargains as people are dissuaded from travel.

However, Calder emphasised that package holidays are much safer than booking holiday elements separately as you’ll get your money back much more easily.

Holidaymakers may have to brace themselves for more airport queues as there might be “some kerfuffle in the days after Brexit,” said Calder.

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Travel & Escape

American woman faces $2,800 parking bill after leaving car in Toronto during pandemic

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Parking in the city can be costly, but one American woman is learning just how bad it can be after being unable to retrieve her car for nearly a year.

Detroit resident Kim Richardson left her 2004 Honda Element at the Park2Sky lot by Pearson airport in March 2020 before flying out to Europe for a medical procedure. She originally planned to retrieve it within two weeks but partway through her trip, the Canada-US border got closed due to COVID-19 precautions.

Richardson’s return flight was rerouted to Detroit and she’s been unable to return to Toronto since.

What was originally a $100 bill has now inflated to $2,800 as the lot’s owner says he has a business to operate and is owed payment for 11 months of storage. However, Richardson believes she’s being extorted for an issue beyond her control.

Park2Sky personnel claim that several Americans who found themselves in similar predicaments have had their cars shipped home.

“I don’t understand, I don’t know what’s going on here. Business is down, I’m not making any money at all. People who leave their car are paid. She’s the only one that hasn’t paid,” said the owner to CBC News this week.

The stalemate is expected to last a while longer as travel restrictions remain in place and Ontario Provincial Police have said they won’t get involved in a civil matter.

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All systems are go for St. Lawrence Cruise Lines in 2021

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KINGSTON — Despite Canada’s newly extended cruise ship ban, Canadians still have a small-ship cruising alternative in 2021 with St. Lawrence Cruise Lines.

The small-ship operator, which sails on the St. Lawrence and Ottawa Rivers, has confirmed operations for 2021, with overnight cruises on both rivers from May 20 to Oct. 24. A variety of cruises ranging from four to seven nights will depart from Kingston, Ottawa and Quebec City, sailing exclusively in domestic waters with stops at select ports in Ontario and Quebec.

On Feb. 4, Canada’s Minister of Transport, Omar Alghabra announced that Canada’s cruise ship ban will be extended until Feb. 28, 2022. This measure, which effectively prohibits cruise vessels carrying more than 100 passengers from operating in Canadian waters, does not impact the small-ship operations of St. Lawrence Cruise Lines and its 32-stateroom CANADIAN EMPRESS.

“We are excited to offer travellers a small ship option for the 2021 season,” said President Jason Clark. “Our overnight cruises stay close to shore in Canadian waters and our COVID-19 Health and Safety program has been recognized for its high standards.”

This past December, the cruise line was awarded the Safe Travels Stamp by the Tourism Industry Association of Ontario (TIAO) for adherence to global standards of health and hygiene. The program includes a wide range of safety measures, including reduced passenger loads, masking, physical distancing and hospital-grade electrostatic disinfecting for both private staterooms and shared spaces. Plus, all staterooms have access to fresh air, climate controls and views of the river.

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Here’s How Canada’s ‘Screening Officers’ Will Check On Travellers During Quarantine

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The federal government is reminding all travellers in Canada that “Screening Officers” may pay them a visit post-arrival.

In a statement about the country’s latest travel restrictions, Transport Canada confirmed that newly-trained officials would be tasked with checking up on travellers during their two-week quarantine period.

The role of the Screening Officers will be to visit travellers’ quarantine locations to “establish contact, confirm identify and confirm that travellers are at the place of quarantine they identified upon entry into Canada.”

This is to make sure individuals are complying with Canada’s mandatory 14-day quarantine requirement.

The checks will be conducted across 35 Canadian cities, having already started in Montreal and Toronto back in January.

The officials will provide “compliance education” and will be able to issue verbal warnings, but stronger enforcement action will be referred to the Public Health Agency of Canada (PHAC) and then law enforcement for follow-up checks. 

Failing to comply with the Quarantine Act or with Screening Officers’ instructions could result in fines of up to $750,000 or even jail time.

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