Britain's economy will feel barely any impact from Thursday's bomb alert at London's Heathrow airport, analysts predicted.
Share prices of European airlines took a pummelling, but an early sell-off in the pound and rally in bond markets proved short-lived as analysts judged there was unlikely to be any lasting impact on economic growth.
"Consumers and business people are unlikely to change their travel and spending habits by enough to affect the macro data for long," Holger Schmieding, economist at Bank of America, said.
Maurice Fitzpatrick, business analyst at Grant Thornton, said that if travel to the UK becomes increasingly difficult, however, the situation could turn worse.
"It is not impossible to envisage north of £100 million a day lost for the UK economy," he said.
Tourism and retail spending are likely to be the victims of any fallout if security fears keep people from travelling. August is by far the biggest month for visitors to the Britain or for Britons travelling abroad.
Although industry groups were bracing for the immediate impact following the latest terrorist alert, the general perception was that spending would quickly bounce back, much as it did after the July 7th bombs in London last year.