Why You Should Book a Trip to London Right Now
Life + Money

Why You Should Book a Trip to London Right Now

Flickr/Illyan Yankov

There’s no shortage of economic uncertainty following the decision by a slim majority of British voters last month to leave the European Union.

The decision is a short-term boon to anyone who wants to visit Great Britain. While the cost of international flights generally increased around the world last month, the prices for London flights and hotels fell, according to Adobe’s latest digital price index.

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“In addition to lower fuel costs, the recent devaluation of the British Pound appears to be a contributing factor to lower travel costs to the U.K.,” Mickey Mericle, vice president of marketing and customer insights at Adobe, said in a statement.

The cost of hotels in London declined 3 percent from May to June. The cost of flights to London fell 8.5 percent from May to June and more than 12 percent year-over-year, the report found.

While the British pound has regained some of its value since tumbling more than 30 percent after the June 23 referendum, it still down more than 10 percent since the vote.

Analysts have mixed outlooks on whether the pound will continue to regain ground. That will likely depend on whether the Bank of England cuts interest rates at its August meeting.

If you’re planning a trip to take advantage of these deals, consider booking your hotel through a site like Tingo, which will monitor rates and rebook your room if prices start falling again, refunding the difference.