Yesterday a man decided that the pound's value against the euro and the dollar was 'just about right'. As a result, the pound stopped weakening against the euro and the dollar, as it has been doing so for several months. I was disappointed. I get paid in euros so I benefit from the pound being weak.
Christmas isn't supposed to be just about the presents. But somehow it always is. Somehow the refrain of Goodwill to all Men seems to ring very hollow when that present you've chosen carefully ends up being thrown aside because it didn't cost enough or you got the colour wrong or they already had one.
It's particularly interesting to note that it's younger men who are really embracing luxury fashion over older generations. Although they currently make up as small segment of the overall spend, Gen Y presents an interesting opportunity for the luxury fashion designers and houses, both in London and across the world.