Bloomberg

(Bloomberg) -- U.K. Prime Minister Theresa May is shunning the European Union in her vacation choices, opting to take her August break in Switzerland.

May, a keen hiker, will return to work on Aug. 24, her office said in a statement on Thursday.

Her pounds will buy fewer Swiss francs as a result of Britain’s decision to leave the EU. Sterling has fallen 11 percent since the June 23 referendum.

To contact the reporter on this story: Svenja O'Donnell in London at sodonnell@bloomberg.net. To contact the editors responsible for this story: Alan Crawford at acrawford6@bloomberg.net, Andrew Atkinson

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