By
with contributions from Samantha Conti
 on August 22, 2017

European brands on both sides of the Channel are bracing for more exchange rate anxiety this year and next, with the pound likely to fall further against the euro, which has been gaining momentum.

A strengthening euro threatens to dampen profit for luxury brands in the second half. The European single currency peaked at $1.19 in early August, up more than 13 percent since the start of the year.

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