Sunday 22 January 2017

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

Published 05/10/2016 | 02:30

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

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

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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?

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