It isn’t good news for travellers at UK airports as tourists are being offered almost one pound for one dollar.
The rate is always poor at airports compared to other currency exchange outlets,however this is a clear indication of the trouble sterling is in.
Those exchanging pounds at the UK’s biggest airport, Heathrow, are finding as little as $1.05 coming back across the counter.
Since 16 April the pound has fallen by 11.77% against the US dollar.
In some currency outlets, sterling buys less than a euro, with tourists being offered just 92 cents for every pound.