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The Burberry Group (BRBY.L), created by Thomas Burberry back in 1856, is a famous English luxury fashion producer and retailer. A revolution in rainwear began when Burberry's innovative and at the same time breathable fabric was invented. In 1912 Burberry patented the trench coat, that firstly served military needs and has been enjoying the world's popularity in the fashion industry ever since. Today, the company sells luxury clothing for women, men and children, as well as some cosmetics and accessories, through its main stores, subsidiaries and prestigious department stores worldwide. The company also provides licenses to third parties who produce and sell their goods under Burberry trademark.
Bank of England (BoE) cut rates for the first time in August 2024, with further easing expected in the coming months. But how low are rates likely to go?
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