Abbey: Britons head abroad for shopping

Money News

www.moneynews.co.uk > General finance > Abbey: Britons head abroad for shopping

Topics

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Features

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Companies

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Money News

bullet
bullet
bullet
bullet
bullet

Abbey: Britons head abroad for shopping

Many Britons are using favourable currency rates in their hunt for bargain Christmas presents this year, it has emerged.

Research by Cater Allen Private Bank as cited by Abbey has revealed that 2.2 million Britons are set to buy their gifts abroad this year to take advantage of a strong pound.

Some 882,000 people are heading to New York, US, where the weaker dollar may help them find bargain gifts, whereas 230,000 are planning to buy gifts using the euro in France, the study found.

Rate tripping is more common among men who are twice as likely to go abroad for their Christmas shopping this year compared to women, Abbey noted.

The figures suggest the strong pound is having an impact on shopping trends by encouraging many to hunt for bargains abroad, particularly in the US, commented Sally Ann Watts, head of marketing at Carter Allen.

On another motive for rate tripping, she added: "If you witnessed the scenes on Oxford Street last weekend, you'll understand why more and more people are opting to head overseas to do their shopping this year!"

Gift-buyers should check that their presents are in working order immediately after purchasing them since faulty goods need to be returned to retailers "as soon as possible", noted Consumer Direct in its 12 shopping tips for Christmas.
ADNFCR-323-ID-18395399-ADNFCR

Related News : General finance

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet

Related News : Santander

bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet
bullet