Wednesday 29 March 2017

Explained: What impact does a weaker sterling have on the Irish?

Pedestrians walk past a board displaying the price of Euro and US dollars against the British pound Sterling, outside a currency exchange store in central London. AFP/Getty Images
Pedestrians walk past a board displaying the price of Euro and US dollars against the British pound Sterling, outside a currency exchange store in central London. AFP/Getty Images
Colm Kelpie

Colm Kelpie

Sterling has taken a battering over the last 12 months, thanks to the UK's EU referendum.

This time last year, €1 was worth about 69 pence. Yesterday it touched 88 pence. And expect further weakness. So what impact does a weaker sterling have on Irish businesses and consumers?

Consumers

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