However, holidaymakers can still start planning ahead for their next trip.
Matt Crate, Managing Director of peer-to-peer currency exchange platform WeSwap, recommends beginning your budgeting now to get a head start.
“The travel market is very fluid at the moment, so trying to get the best possible deal for a specific time can be tricky,” explained Crate.
“However, there are some things that will still be the same.
“Exchanging travel money to Euros or Dollars now, setting hotel and flight budgets or even beginning to budget for your holiday spend would be a great use of time and an incentive to look ahead to your next getaway.”