Tourists are flocking to London to take advantage of a historically weak pound – while they still can.
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Would you travel halfway around the world for a handbag, or a coat?The U.K. is currently the cheapest place to buy luxury goods, with 64 percent of products selling for less in Britain than in the U.S., China and France, according to a survey by the professional services firm Deloitte.For example, the Louis Vuitton Speedy 30, a canvas handbag emblazoned with the iconic LV monogram, sells for the equivalent of $837 in the U.K. and $1,117 in China, Deloitte found.Visit Britain, the national tourism agency, says flight-reservation data shows bookings from China to Britain are up 24 percent for the last three months of the year compared with the same period in 2015 .Burberry said this week that sales at British shops open for at least a year rose more than 30 percent in the three months to Sept. 30 .Though on sale in Britain, it is not yet widely available globally, Couttigane said.
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