Online shoppers rush to buy as pound plunges

Online shoppers in China are cashing in on falls in the British pound to buy expensive foreign luxury goods after the UK voted to leave the European Union.

The pound plunged to a three-decade low after Britons voted on Thursday last week to leave the bloc, making the country's goods and services cheaper for overseas buyers.

The pound has dropped by more than 10 percent against the renminbi since the referendum.