Pound’s Wild Ride Is Changing Everything on Britain’s High Street
As British high streets come to grips with the weakening pound, there are big losers—and even a few winners.
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When Brexit first drove up the cost of importing ingredients like jasmine rice, curry paste and coconut milk from Thailand, London restaurant owner Saiphin Moore traveled to her native country to cut out the middlemen. By finding farmers and manufacturers to supply her directly, she cut costs by 15%, helping her 17-chain Rosa’s Thai Cafe weather the pound’s decline.
Until now, that is.