Fall in Icelandic Kroner makes now a good time to visit Reykjavik and Iceland.
About a year ago 1 of your British pounds would have bought you 125 Icelandic Kroner, today you will get more like 170 Icelandic Crowns to the pound. This is despite the fact that Sterling has fallen against many other currencies, notably the Euro. So while a trip to Spain is getting that much dearer, Iceland (never cheap, mind you) is now more affordable than for a long time.
Another nice thing is that Iceland is not in the EU so you can do real duty free shopping.
The national beer of Iceland is "Viking"
For a cheap flight to Iceland try Iceland Express / Wow Air / easyJet or Icelandair
See also our article on cheap accommodation in Iceland.