OnePlus has confirmed plans to increase the price of its flagship OnePlus 3 smartphone.

The OnePlus 3 is set to rise from its current price of £309 to £329 as of July 11, 2016 – that's next Monday.

The decision is in response to the fluctuating value of Sterling following the UK's decision to leave the European Union.

While we've held off action for as long as we can, the sharp drop witnessed in the currency markets following the Brexit decision has forced us to re-evaluate the OnePlus 3's pricing in the UK at a time of significant demand."

"Given the effects of the unstable market son our extremely thin margins, we're reluctantly going to have to make some small changes to our pricing structure for the OnePlus 3 .

There's still time to pick up the device at the current price of £309.

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