Euro news and archive

The euro is at near parity against the US dollar, what this means for luxury fashion

On the day that the euro announced Croatia would be the 20th country joining the currency, its value slid to near parity with the dollar. While analysts are speculating how low the euro can go, it is the first time in its 20-year history that the dollar is nearly even, with the euro having lost more than 10 percent of its value since the start...

Fashion

Eurozone retail sales down in new report

The Bloomberg Eurozone Retail Purchasing Managers' Index (PMI), an indicator which surveys economic conditions in the euro retail sector. Retail sales in the three key eurozone countries struggled this month against a background of consumer caution and poor weather. The PMI, which provides data a month ahead of government-issued figures, fell a...

Fashion

Euro Shopping

Joining the Euro would be beneficial for British consumers. Getting rid of the pound would increase price transparency and encourage competition amongst companies, as was confirmed by the Treasury on Monday. Price studies in the EU have demonstrated that British consumers pay more for their products than their European counterparts. On average,...