By voting to leave the European Union, Britons have delivered a potential windfall to tourists eager to snatch up Burberry trenchcoats, Harrods Stilton and Liberty scarves on the cheap, Bloomberg reports. The outcome of Thursday?s referendum sent the British currency plunging, making the country?s goods and services cheaper for foreign buyers.
Courtesy www.telegraph.co.uk
Consumers reacted immediately: Searches by Chinese for UK holidays ?skyrocketed? on Ctrip.com International Ltd.?s travel booking app, the company said, while Chinese news site Phoenix implored visitors to London to ?Buy, Buy, Buy.? A slumping pound is a much-needed shot in the arm for UK luxury companies as the Chinese are the biggest buyers of high-end goods and make most of their purchases overseas. They made 270,000 trips to the UK last year, up 46%. Courtesy China Economic Review

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