Saturday August 15, 2020

Retailers to suffer as sterling hits new low

Under-pressure retailers look set to suffer further, with sterling at a new low against the euro, making many goods much cheaper in the North.

Susan Mitchell

Deputy Editor and Health Editor

@susmitchellsbp
15th November, 2008

Under-pressure retailers look set to suffer further, with sterling at a new low against the euro, making many goods much cheaper in the North.

Bill Tosh, chief executive of Dundalk Chamber of Commerce, said that a 6.5 per cent fall in sterling in the past month was a ‘‘kick in the teeth’’ for retailers in the Republic. Sterling has fallen by about 20 per cent over the past year making €1 worth 84 pence last...

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