This is really good news if you are a US visitor the UK. There must be bargains galore in shops and restaurants. The prices of hotels might look reasonable as well. That one glass of diet coke still works out to be around $2.00 with no refills of course.
The flip side for UK is that yearned after Covid holiday isn’t going to as exciting as it once was. Still head for the back of the store because there are always some bargains to be had and still prices will be lower than the equivalent purchase back home.
So if you are interested in the slightest the new low reached the giddy lows of $1.03 to the Great British Pound. This is after the new Chancellor announced tax cuts to help boost the economy.