Rolex watches on sale in UK for US visitors as pound slumps

Rolex already raised prices this month by about 5 per cent in Britain

The drop in sterling has slashed Rolex prices for American tourists. Picture: Getty

The crash in the value of sterling has put Rolex and other luxury watches at discounts of as much as 19 per cent for US visitors lucky enough to get their hands on the coveted timepieces.

Promised policy changes by the new UK government including a plan to reintroduce Value Added Tax rebates on goods bought by tourists could even boost the discounts to as much as 32 per cent, according to watch retail industry ...