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Wednesday, 2 November 2016

Foreign shoppers to fuel pre-Christmas sales boom in central London | Business | The Guardian

Foreign shoppers to fuel pre-Christmas sales boom in central London | Business | The Guardian:

"Retailers in the West End of London are expecting a 1.6% rise in takings to £2.34bn in the six weeks to Christmas, as a surge in foreign shoppers helps offset lower spending by Brits.

US, Chinese and Middle Eastern visitors are being drawn to the capita by the double-digit decline in the value of the pound against foreign currencies since the EU referendum in June.

The average monthly spend for each international shopper soared by more than 25% to £1,155 between July and September, according to the New West End Company, the trade body that represents retailers on Oxford Street, Regent Street and Bond Street."



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