There has already been a drop in travel and flights as a result of economic downturn, the strong Euro is going to add to the cost of European travel for UK holiday makers. In contrast, the home travel industry could well reap the benefits as the Euro and the dollar are now going further in the UK.Currency changes always have the capacity to cause panic in various quarters, but there are always sectors that benefit from the changes whether they be a weakening or strengthening of the currency in question.
There is every likelihood that the currencies will level out in time, but there has been speculation about taking the opportunity to adopt the Euro when parity with the £UK is reached. However you would have to question the sense of accepting parity with the pound which would make European goods more expensive than they have ever been on a permanent basis.
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