Connect with us

Travel & Escape

Pound to euro exchange rate: GBP could be set to ‘tumble’ after Brexit deal vote | Travel News | Travel

Editor

Published

on

[ad_1]

Brexit continues to serve as a barometer for pound sterling this week as the all-important vote on Theresa May’s deal looms. Experts have cautioned Labour could push for a general election sparking concerns that would see GBP “tumbling” against the euro if the deal is rejected in parliament. Laura Parsons, currency analyst at TorFX, spoke to Express.co.uk regarding the latest exchange rate figures. “With UK data lacking at the start of the week, all eyes are on tomorrow’s parliamentary vote on Brexit,” she said.

“If PM Theresa May’s deal is voted down the pound could tumble on fears that Labour could set the wheels of a general election in progress.”

Sterling is currently trading at €1.120 against the euro, according to Bloomberg.

On Friday, the pound climbed to its highest since late November on Friday, amid speculation of a Brexit delay.

Lukman Otunuga, research analyst at FXTM, said: “Sterling’s aggressive appreciation following the report continues to highlight how the currency remains extremely sensitive and highly reactive to Brexit headlines.” 

Minh Trang, senior FX trader at Silicon Valley Bank, said: “The euro certainly feels like it found a floor.”

Not all analysts agree that a delay to Britain’s Brexit date will benefit the UK, though.

Mike Bell, global market strategist at JP Morgan Asset Management, said: “Politicians love to kick the can down the road but there is a cost associated with that.

“Consumer confidence has weakened, business confidence has weakened so that time comes with a cost.”

Experts have insisted that Brexit will not affect holidays come March. A Downing Street spokesperson has said it was “categorically untrue” that people had been warned not to book trips beyond March 2019.

Travel agents’ body ABTA said: “There is nothing to suggest that you will not be able to continue with your holiday plans after 29 March.

“Even in a no-deal scenario, the European Commission and UK Government have said flights to and from the UK will still be able to operate.”

Concerns about post-Brexit holidays were initially sparked by Ryanair boss Michael O’Leary who said his airline was “selling tickets on flights that may not take place” in September.

However, the Irish carrier has now confirmed they will continue to serve the UK after Brexit, after securing a document which guarantees their ability to fly in the UK and from the UK to non-EU countries. 

It confirmed the UK CAA has issued Ryanair UK with a UK AOC, allowing it to operate UK domestic and UK to non-EU routes post-Brexit.

Ryanair’s Juliusz Komorek said: “We welcome the Civil Aviation Authority’s decision to grant our UK based airline, Ryanair UK, with a UK AOC, allowing Ryanair to operate UK domestic routes and UK to non-EU routes in a post-Brexit environment.

“The risk of a ‘no deal’ Brexit in March is rising, and despite our robust post-Brexit structures, including our post-Brexit plan around European ownership, we continue to call for the UK and EU to agree to a transition deal from 31 March 2019, so that any disruption to flights and British consumer summer holidays in 2019 can be avoided.”

[ad_2]

Source link

قالب وردپرس

Travel & Escape

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

Editor

Published

on

By

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.

Continue Reading

Travel & Escape

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

Editor

Published

on

By

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.

Continue Reading

Travel & Escape

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

Editor

Published

on

By

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.

Continue Reading

Chat

Trending