British tourists are left penniless as 'pound panic' spreads around the globe and banks and hotels refuse to exchange Sterling into local cash

British tourists on holiday are being told they cannot exchange their money because of the Brexit market turmoil.

Banks and hotels around the world are refusing to swap the pound into local cash, leaving many holidaymakers penniless.

Incidents of this nature have been reported in USA, Greece, Bulgaria and Australia.

British tourists on holiday in Greece have been told they cannot exchange money because of the Brexit market turmoil. Matt Rooney, who is on holiday in Kos (file photo, right), said his hotel was refusing to swap currency