Forget Paris, London Is the New Hotspot for Swiss Watches: Chart

City Life In Almaty
Photographer: Andrey Rudakov/Bloomberg

The U.K. posted the biggest gain in Swiss watch exports last year as a weaker pound, more tourists and additional store space helped it catch up with France and Germany.

With a strong economy and international companies setting up in London, the U.K.’s gains should continue, according to Alessandro Migliorini, an analyst at Mirabaud Securities LLP. The 26 percent gain in exports to the U.K. in December may also have been supported by tourists shifting their travel destinations from Europe after the November terrorist attacks.

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