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Foreign exchange market

World news about “Foreign exchange market” published by euronews.

12/11 16:32 CET

Burberry says ‘tough trading’ and forex issues pulled down profit

Burberry says ‘tough trading’ and forex issues pulled down profit

Luxury fashion brand Burberry is blaming adverse changes in foreign exchange rates for a big part of its reduced earnings. Currency movements accounted for 31 million pounds (39.3 million euros) of the fall in its pretax profits in the six months through to the end of…