Cheapest luxury goods market today is UK. Britain Now World’s Cheapest Luxury Market. The UK is now the cheapest fashion and luxury goods market in the world in the wake of the country’s vote to leave the EU, which pushed down the value of the British pound about 10 percent against the euro. In the wake of Britain’s vote to leave the EU, which pushed down the value of the pound about 10 percent against the euro, the country has become the cheapest luxury goods shopping market in the world, helping to buoy British luxury labels, at least in the short term, according to new research by Luca Solca, the head of luxury goods at Exane BNP Paribas.

Britain Now World’s Cheapest Luxury Market

The Brexit vote has made the UK the cheapest market in the world for luxury goods. Britain Now World’s Cheapest Luxury Market.A weak British pound will boost travel inflows to the UK, helping British luxury goods players like Burberry, Mulberry and Jimmy Choo.