Markets

An Edinburgh institution

W Armstrong in Edinburgh is a true institution. There are several locations, but the Grassmarket spot is a treasure trove. Frequented by locals, students and tourists alike, there is a price point for all. Whether I’ve been on the hunt for vintage cashmere, denim, fabulous 1950s dresses, garb for a fancy dress party or even a kilt, this store has sorted me out. It is always a favourite for when friends visit the city, and whether you are looking to buy or not, it is worth a visit just to see its eclectic collection.
Amy

An Erasmus exchange took me to Budapest, where I discovered a city full of vintage shops and flea markets. The city is dotted with Humana shops for staple wardrobe finds; there’s the Ecseri flea market for the more unusual (interspersed with the occasional plastic Stalin bust); plus chic, rambling stores like Szputnyik and Retrock Vintage – think racks of leather jackets and tulle tops among giant monstera plants. Antiques shops are also found tucked away, their contents spilling on to the pavements outside. A particularly favourite find was a set of intricate hand-painted embroidery layouts on kraft paper from the 1930s, each signed by the artist.
Katie

Lyon’s canalside treasure trove

Travel expert Neil Atkinson has revealed the best Christmas markets in the UK – perfect for those who want a festive break without the huge crowds

With the festive season rapidly drawing near, Christmas markets will soon be springing up throughout Britain. From the hugely popular Winter Wonderland in London to more intimate Christmas fairs, there’s undoubtedly something to suit all tastes – and occasionally it’s the less celebrated venues that turn out to be the most unforgettable.

Neil Atkinson, proprietor of Luxury Group Stay, has shared his favourite picks of under-the-radar Christmas markets delivering genuine festive atmosphere without the packed crowds found in Manchester, Birmingham or Edinburgh.

He commented: “Some of the best Christmas events are tucked away in smaller spa towns and cathedral cities. They’re often more personal, better value, and filled with genuine local craftsmanship rather than mass-produced souvenirs.”

Underrated UK Christmas markets, according to a travel expert

Winchester Cathedral Christmas Market – Hampshire

Championing Winchester Cathedral’s Christmas market, Neil remarks: “Set in the shadow of the magnificent Winchester Cathedral, this market has become a southern secret for those who want European-style charm without leaving the UK.”

Running from November 21 through to December 22, Winchester’s market provides visitors with opportunities to buy handcrafted presents, artisan food, and premium crafts, all beneath sparkling lights that turn the Cathedral Close into a festive scene.

With the cathedral choir delivering multiple performances throughout this time, it genuinely is pure Christmas enchantment.

Worcester Victorian Christmas Fayre – Worcestershire

From December 4 to 7, Worcester takes a nostalgic trip back in time, with the streets brimming with Victorian-garbed traders, a classic carousel and the enticing aroma of roasting chestnuts for the Victorian Christmas Fayre.

Expect to encounter local artisans peddling crafts, street food and festive beverages, while carol singers and buskers maintain a lively atmosphere.

Durham Christmas Festival – County Durham

Recommending the Durham Christmas Festival, which runs for a mere three days, from December 5 to 7, Neil added: “Few settings are as striking as Durham Cathedral at Christmas.”

This brief festival features a Craft & Producers’ Marquee on Palace Green, a vibrant outdoor market and a Children’s Lantern Parade culminating at the cathedral.

Canterbury Christmas Market – Kent

From November 12 to December 24, Canterbury adds a cathedral-city sparkle with one of the South East’s most scenic markets.

Visitors can anticipate over 170 stalls offering handmade gifts, candles, crafts and festive foods lining the streets under the glow of the city’s ancient cathedral.

The Canterbury Christmas Market strikes an ideal balance between atmosphere and size, showcasing robust local craftsmanship and an abundance of family-friendly activities.

Harrogate Christmas Fayre – North Yorkshire

The Harrogate Christmas Fayre, running from December 5 to 14, is perfect for those who prefer a more leisurely pace when soaking up the festive spirit.

The Harrogate Christmas Fayre, with its approximately 40 adorned chalets scattered throughout the spa town, is a chic, compact and naturally festive option.

Neil commented: “It is beautifully curated, easy to explore, and perfect for a festive weekend with a touch of class. Expect artisanal gifts, gourmet treats, and mulled wine breaks between boutique shops and cosy tearooms.”

European benchmarks began the week with gains. Oil and gold prices increased, but the euro weakened against the dollar. Sentiment was influenced by OPEC+’s decision to pause production hikes in the first quarter of next year, which led to a modest rise in oil prices as fears of oversupply eased. Gains were, however, mostly lost by late morning.

The international benchmark, Brent crude futures, traded at $64.76, while US West Texas Intermediate cost $60.92 a barrel.

Alongside pauses in the new year, OPEC+ countries agreed on Sunday to increase output by a small 137,000 barrels per day in December, maintaining the pace set for October and November.

Meanwhile, investors expect fresh Western sanctions on Russia, targeting Rosneft and Lukoil, to hinder the country’s ability to boost production further.

At the same time, major Western oil companies are benefitting from the disrupted supply of Russian refined fuels due to attacks and sanctions. Refining margins have risen substantially, giving the oil majors a boost. Both BP and Shell share prices were slightly up on Monday before noon in Europe.

“The decision by producers’ cartel OPEC+ to pause further output hikes at the start of next year, amid concerns about a glut of supply, helped give oil prices a lift and, in turn, boosted UK market heavyweights BP and Shell,” said AJ Bell investment director Russ Mould.

The movements also came as BP announced it had agreed to divest stakes in US shale assets to Sixth Street investment firm on Monday.

Winners in Europe

At 11:00 CET, the UK’s FTSE 100 was up by a few points. The DAX in Frankfurt was leading the gains, up 0.8% after an initial stutter. The CAC 40 in Paris started climbing, reaching gains of nearly 0.2%. The lift in France came despite national budget uncertainties and the release of negative PMI data, which showed that the country’s manufacturing sector was still contracting in October.

US futures were positive around the same time, rising between 0.1% and 0.5%.

Meanwhile, the earnings season continues. A number of European companies are reporting this week, including AstraZeneca, BP, BMW, and Commerzbank.

Ryanair opened the week by posting stronger-than-expected results for the first half of its financial year, spanning April to September. Revenues rose 13% to €9.82bn, as traffic grew 3% and fares increased by 13%. Over the same period, profit rose by 42% year-on-year to €2.54bn, driven by a strong Easter season.

The airline’s shares were up 2.90% in Dublin at around midday.

Looking ahead, Ryanair’s outspoken CEO Michael O’Leary criticised countries in Europe where airlines face high taxes, including environmental duties. In an interview with CNBC, he threatened to move capacity outside the UK should the new budget include such a levy.

“Ryanair is also one of several airline operators with an eagle eye on taxes and costs. It is no longer putting up with unfavourable tax systems, preferring to switch flights and routes to less punitive locations,” Mould commented.

In other markets, the euro weakened against the US dollar by more than 0.2%, hitting a rate of $1.1517 by 11:00 CET. At the same time, the Japanese yen and the British pound were also losing ground against the greenback, with the dollar trading at ¥154.15 and the pound costing $1.3136.

Gold traded just above $4,000, rising slightly by 0.3%.