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Britain’s Brexit binge on Swiss watches

Investec Switzerland. The pendulum for Britain has swung back to positive, and it’s tourists who’ve pushed it there.Britain was one of the few bright spots for Swiss watch exports in July, rising 13.4 percent from a year earlier and counteracting a massive 26 percent drop in June, according to data published by the Federation of the Swiss Watch Industry on Tuesday. Overall exports dropped for a 13th consecutive month.Richemont and Swatch, whose shares fluctuated after the...

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