UK retailers set to struggle during Golden Week as Chinese Yuan falls by 10% in six months, FX broker predicts

Analysis from corporate FX broker Foenix Partners predicts that UK retailers should expect to see a reduction in profits from Chinese tourists visiting the UK during their national holiday Golden Week (starting 2 October) as a result of the falling value of the yuan which has dropped by 10% in the past six months.

Richard de Meo quoted in Retail Times

— www.foenixpartners.com —