The ‘Meghan effect’ may already be surpassing the ‘Kate effect’

Ever since the announcement of Meghan Markle's engagement to Prince Harry there has been talk about how the 'Meghan effect' will rival the ‘Kate effect’.

For years, Kate Middleton has been an style icon as women all over the world emulate everything from her perfectly curled hair to her most recent maternity outfit.

The 'Kate effect' has also had a rather lucrative impact, as the 36-year-old continues to propel designers into the limelight and sell out high street items within seconds.

As previously reported by Newsweek, this accumulates to £1 billion in revenue to the UK fashion industry every year.

Moreover, the future queen has also passed her influencer status down to her children.

The ‘Monarchy Report’ by Brand Finance recently reported that 2-year-old Princess Charlotte adds £101 million to the UK economy each year, meanwhile her older brother Prince George adds £76 million.

Although there is no denying that the Cambridge family is one very influential household, it is predicted that Meghan Markle could surpass Kate (and her offspring).

The 36-year-old isn't due to marry Prince Harry until May 19, 2018 - yet she's already proving to have serious sway when it comes to style.

The royal-to-be has already crashed several independent Canadian brands' websites, including Line The Label, which she wore for her official engagement photos.

She caused a 400 per cent increase in traffic to jewellery site Birks, and a 1000 per cent increase in sales to sunglasses brand Finlay & Co - earning the latter £20,000 overnight.

Just last week, she also managed to make a pretty ordinary black jumper from Marks and Spencer's sell out…twice.

And this is all even before she’s chosen a wedding dress, which is bound to spark a new bridal trend.

With a lot of changes taking place for both Meghan and Kate in the coming months, we'll probably have to wait a little longer to see who will officially reign in the style stakes.

However, no matter which woman comes out on top, it will no doubt give a serious boost to the UK economy in 2018.