Posted inEDITOR'S CHOICELEAD STORYNEWS

Weakening dollar erodes price advantage for British luxury watch retailers

The dollar has dropped in value by 5.6% against the pound since Christmas, dramatically narrowing the price advantage that Britain’s luxury watch retailers enjoy over their peers in the United States. One pound bought $1.33 on December 26; a month later on January 26 it buys $1.41. As a result, retail prices including sales taxes […]

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