UK retailers benefit from falling pound

ReutersNewsPublished: October 18, 201611 views
Published: October 18, 2016

British luxury fashion label Burberry reports a better-than-expected rise in second-quarter retail sales after tourists flocked to its London stores to take advantage of the weaker pound, boosting sales in its home market by 30 percent. As Hayley Platt reports, online retailer Asos has also benefitted from the weak pound.

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