Daily News Digest

by Mark Zalewski

July 28, 2016

In today’s CyclingTips Daily News Digest: Late-stage attack gives Devenyns overall victory in Tour de Wallonie; Benatti wins Tour of Denmark, stage 1; UCI finds no evidence of motor usage at Tour de France; Analysis: What can pro cycling learn from the IOC’s handling of whistleblowers?; Gilbert to Etixx-QuickStep?; Nibali responds to critics ahead of Olympics; Bahrain Cycling Team moving forward; Iranian women arrested for cycling in public; German broadcaster ARD uncertain about future Tour coverage; Raleigh increases prices by 10 percent after Brexit; Man who knocked cyclist off bike and choked him spared criminal record; Cast members from ‘American Flyers’ to appear at Interbike awards; Five Thirty Eight podcast discusses Team Sky dominance; Wiggle-High5 at La Course; Real Team Sky meets Mini Team Sky; Questionable course design at Tour of Denmark

Raleigh increases prices by 10 percent after Brexit

by CyclingTips

British cycling distributor Raleigh announced a 10 percent price increase on imports following the vote for the United Kingdom to leave the European Union. The increase will apply to both bicycles and accessories.

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While not specifically citing Brexit for the increase, an email to Raleigh dealers said the price increase was due to, “recent volatility in currency exchange rates against the British pound.”

Brexit has been cited as the main reason behind the recent drop in the currency.

“We have seen the cost of many products increase,” Raleigh’s sales and marketing director Pippa Wibberley told BikeBiz. “As we bring these products in to the UK on a daily basis this has impacted the cost of these products to us very quickly.”

This is the first UK cycling company to publicly announce an increase following the Brexit vote, though analysts expect more to follow.

Click through to read more at BikeBiz.

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