Online cross border or international shopping is popular in Britain with 36% of shoppers saying they have shopped from online shops in other countries in 2015, according to a recent PayPal survey. Alibaba, Amazon, eBay and Etsy being among the more popular.
International shopping is only set to increase in the UK with rising numbers of ecommerce websites in India and China and shoppers with a penchant for USA and European products, and with international consumers increasingly important for UK based retailers' sales figures, how might Brexit affect cross border shoppers’ wallets?
MyInternationalShopping.com, a website which helps people to buy online internationally has investigated and found that there are potentially three things that may be affected by Brexit.
Firstly, exchange rates. In February Goldman Sachs claimed that GBP could fall by 20% if we...