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Burberry and Asos to benefit from weak pound

Tomorrow’s financial results are likely to show increased sales.

Burberry 2

Burberry 2

Asos and Burberry are expected to have benefitted from strong exports on the back of a weakened pound when they unveil their latest sales figures tomorrow.

Like-for-like sales at Burberry are expected to edge up 1%, The Belfast Telegraph reports, as the slump in the pound led to cheaper prices for international shoppers.

Similarly, Asos is expected to announce a hike in sales from the US and Europe following the pound’s collapse after the Brexit vote.

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