Most money managers and hedge experts consider such an anomaly an arbitrage opportunity. Arbitrage is defined as the simultaneous buying and selling of securities, currency, or commodities in different markets or in derivative forms in order to take advantage of differing prices for the same asset. In this instance, we can consider Chanel classics, Hermes Birkins or other fashion items to be our 'asset' or commodity.
If you've ever shopped in London, you know it's normally very expensive. As a matter of fact, it's often sited as one of the most expensive places in the world to shop. Well, not right now. As the pound to dollar exchange hovers around 1.3, we couldn't help from running the numbers on some of our favorite luxury items.
Hermes Birkin 30 Togo
$11,300 New York
Savings of $3100 + VAT back
Chanel new medium Boy Bag
$5200 New York
Savings of $800 + VAT back
Beyond looking at these high priced fashion classics, there are a few other international websites that will ship to the United States. You can shop Net-A-Porter's UK site and have merchandise shipped to the US. A Gucci GG Marmont bag is $800 less expensive when you buy it on the British version of the site. There is also a large markdown section on the site, but the discounts aren't as high as the US. You might need to check back and forth before committing to a currency.
In some instances, it might pay to shop from the UK version of a US retailer. For example, on Shopbop you can shop in British Sterling Pounds and ship to the US, Just make sure the shipping doesn't overtake the benefit. Below are a list of sites that you can consider. Many even have some great sales. Happy BREXIT!!!
Charlotte Tilbury Cosmetics
Farfetch up to 70% off
Forward by Elyse Walker up to 50% off
Matches up to 50% off
Shopbop up to 70% off
Stylebop Up to 50% and extra 10% off for the weekend
The Corner Up to 70% off