Sunday 22 October 2017

The Euro's pain is our gain so our exporters and tourism industry must make hay while the sun shines

Penn State cheerleaders over here for last year's American football game, now American tourists are getting more value for their dollar in Ireland.
Penn State cheerleaders over here for last year's American football game, now American tourists are getting more value for their dollar in Ireland.
Garrett Grogan, Bank of Ireland

Garrett Grogan

The last time the euro was this weak against the dollar was in September 2003 and Tyrone had just won their first all-Ireland football title. Developments and moves in currency markets so far this year have been dramatic.

These material moves in the euro are notable for two main reasons.

Firstly, up to recently relative stability had been a hallmark of currency markets, but we believe the current swings herald the return to more volatile markets.

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