On Thursday (July 26) Britain's floating pound was sinking on world markets and suffered a devaluation of one per cent on the day.
GV Aircraft taxiis at Luton Airport
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INTERVIEWER PAUL DAVIES: "Excuse me you've just come from Spain. 'Yes' Did you have nay trouble changing your money there?
WOMAN TOURIST: We changed it before we went there.
DAVIES: I see so you didn't change any British currency there at all?
WOMAN TOURIST: He did.
DAVIES: Did you change some British currency. Did you have any problem changing it?
MAN TOURIST: I changed it at the hotel.
DAVIES: What about the currency you're carrying?
TOURIST TO SWITZERLAND: Well we've changed that already. What we'll have to change outside in Switzerland - if we have to change any more English pounds in Switzerland I don't know what we're going to get for them.
DAVIES: Does it worry you?
TOURIST: Well it certainly in much less buying power isn't it?
DAVIES: Does it worry you that your English currency isn't worth what it used to be abroad?
TOURIST TO SPAIN: It does yes because I've got GBP 20 worth of pesetas four weeks ago I got GBP 20 today and its dropped seven pesetas in those four weeks.
TOURIST TO YUGOSLAVIA: I decided to get the foreign currency from my own bank before we came which was about seven weeks ago and we got about 40 dinars to the pound. I have just been to Barclay's Bank now and we've got 33.
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Background: On Thursday (July 26) Britain's floating pound was sinking on world markets and suffered a devaluation of one per cent on the day. The fall was caused by concern over Britain's worsening trade deficit and fears of coming industrial strife.
But the first to suffer on Friday (July 27) were the tourists, as the pound in their pocket shrank further against the peseta or the france and their holiday purchasing power slowly evaporated.
Some holiday films were also marking up a surcharge on holiday prices.
But at least Friday was a better day for the pound if not the tourists. It rose two full cents against the United States dollar.