Irish exporters feel pain of sterling slump - News Summed Up

Irish exporters feel pain of sterling slump


The euro briefly rose above 90p yesterday morning due to uncertainty over Brexit negotiations. The currency's steady rise since the UK referendum has made Irish goods comparatively expensive in Britain. The unadjusted value of goods exports for September was €9.6 billion, 8 per cent below the same month last year. Goods imported totalled €5.53 billion, a fall of 17 per cent. “The uncertainty over the implications of Britain’s decision to leave the EU suggest risks on the external trade front remain elevated going forward, especially for food exporters.


Source: The Times November 16, 2017 00:11 UTC



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