Red Sea resorts may be cost-effective choice for UK holidaymakers
The IndependentGet the free Morning Headlines email for news from our reporters across the world Sign up to our free Morning Headlines email Sign up to our free Morning Headlines email SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sharp falls in the value of the Egyptian pound could make Sharm el-Sheikh and other Red Sea resorts a cost-effective choice for UK-based holidaymakers looking to travel abroad in 2023, according to analysis. Post Office Travel Money found the gains that sterling has made against the Egyptian pound over the past year equate to getting around £210 extra on a £500 currency transaction. A destination like Sharm el-Sheikh may prove cheaper because of the Egyptian pound's steep fall in value against sterling Ed Dutton, Post Office Sales of the Mexican peso and the Jamaican dollar have also risen markedly, it said. A destination like Sharm el-Sheikh may prove cheaper because of the Egyptian pound’s steep fall in value against sterling.”
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Egypt’s Red Sea resorts are the cost effective choice for UK holidaymakers, says new analysis
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