Shopping foreign: One in three plan to do their Christmas shopping across the border on account of Sterling’s weakness – TheLiberal.ie – Our News, Your Views

Shopping foreign: One in three plan to do their Christmas shopping across the border on account of Sterling’s weakness




Family carrying shopping bags in mall

Christmas shopping is on many people’s mind already, and a lot of those people are thinking of crossing the border and get their stuff in the North, to take advantage of the devaluation of the British pound after Brexit.

Sterling has lost almost 20% of its value since Britain voted to leave the EU.

And now, saavy shoppers are gearing to do cross-border shopping to make the most of it. But such move is likely to worry retailers on this side of the border in the run-up to Christmas.

Sterling is currently trading at almost parity, 90p to £1.

 

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