Brexit’s pressure on sterling hits number of British holidaying in the Algarve

The Algarve’s hotels are less crowded with British holidaymakers this summer due to the fall of the value of sterling against the euro.

This 15% drop in the pound’s value, after a slim majority of the UK’s voters decided that ‘enough was enough’ and to leave the European Union, has been noticed in the Algarve as in July alone, hotels registered 56,000 fewer British tourists than a year earlier.

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