A fall in the value of the pound has seen a spike in the number of tourists visiting the shores of Britain.

The office for national statistics (ONS) said the U.K. welcomed a record 10.75 million foreigners in the second quarter of 2017, the highest level since records began back in 1980.

Sterling’s fall against both the euro and the dollar since the EU referendum vote in June 2106 has made the cost of a visit to the U.K. cheaper.

The ONS said visits from the United States were 29 percent higher at 1.47 million in the 3 months to June with little evidence that terror attacks in London or Manchester had deterred holidaymakers.

The dataset added that visitors spent £6.23 billion ($8.03 bn) in the three months to June.

Perhaps surprising was news that a record 19.09 million Britons traveled overseas trips during the same period, another all-time recorded high.

Source

NO COMMENTS