Saturday 10 December 2016

You can't blame Irish consumers for cashing in on sterling's misfortune

Published 26/11/2016 | 02:30

'Sterling has tanked to languish at around €1.17. To put that in context, it was €1.43 in November last year' Photo: PA
'Sterling has tanked to languish at around €1.17. To put that in context, it was €1.43 in November last year' Photo: PA

We were told countless times during the recession that a period of austerity is the time to 'pull on the green jersey'. We took wage cuts, job losses and spiralling taxes on the chin for seven long, cold years. Well, it's time for a little balancing of the consumer scales courtesy of our neighbours.

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Britain's vote to leave the EU has meant only one thing for the Irish so far - and that's sterling savings.

Sterling has tanked to languish at around €1.17. To put that in context, it was €1.43 in November last year. Shoppers don't need a Black Friday or a Cyber Monday to cash in on those numbers.

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