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In the week of so-called Black Friday, UK customers are believed to spend about £10.1bn, which is almost 4% higher than in 2016, as more retailers participate in the US-inspired promotional day.
However, the bargain fever observed in earlier years won’t mostly likely come true because most activity will be online with market experts warning that the discounts will be less thrilling on the day, falling on 24 November in 2017.
British companies are finding it a daunting task to deliver substantial price cuts amid firm inflation partly resulting from the dip in the value of the UK currency since last year’s Brexit vote and also ascending business rates as well as other costs.
Increased cost prices suggest retailers aren’t capable of offering the level of discounts actively advertised last year. In other words, demand might fluctuate because customers are less prone to making bargain purchases on impulse, as market experts explain.
In 2019, China's massive property market is anticipated to speed down further, with smaller price leaps as well as diving home sales contributing to pressure on the world's number two economy, according to a Reuters survey…
In the third quarter, the Japanese economy shrank the most for more than four years due to the fact that Japanese companies reduced spending, thus threatening to affect the investment outlook next year because the export-reliant Asian country grapples…
Theresa May will present the Brexit deal to the Parliament on Tuesday. This event will probably shake the British pound. What are the other market movers for this week? Read and find out!
Safe havens such as gold and Japanese yen declined as investors sentiment was boosted by eased geopolitical tensions…
On Tuesday, the euro tacked on because market participants waited for reports on inflation and growth in the euro zone, while the Japanese yen went down after Japan’s major bank told it would be more flexible in its huge stimulus program…
On Tuesday, the evergreen buck dived because the common currency bounced off and the UK pound managed to ascend to the day’s maximums reacting to reports that British Prime Minister Theresa May is going to take control of Brexit talks…
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