Things are looking good for Irish exporters
According to most standard metrics, sterling trades between 10% - 15% below its fair value, and the outlook is increasingly constructive
Since the beginning of the year, Irish exporters have enjoyed a windfall in the form of benign currency movements. The two most important currencies for Irish exporters, the US dollar (USD) and sterling (GBP) have both appreciated against the euro (EUR). As regular readers of this column will know, I have maintained a constructive view on sterling for most of the year.
This constructive view reflects sterling’s incredibly cheap valuation profile. According to the standard...
Subscribe from just €1 for the first month!
With any subscription you will have access to
Unlimited multi-device access to our iPad, iPhone and Android Apps
Unlimited access to our eReader library
Exclusive daily insight and opinion seven days a week
Create alerts to never miss a subject that matters to you
Get access to exclusive offers for subscribers on gifts and experiences
Get content from Business Post, Business Post Magazines, Connected, Tatler and Food & Wine
Arm of BlackRock builds up €20m short bet that Glanbia shares will continue to fall
Food company’s stock price has swung up and down since start of pandemic with performance nutrition products hit hard
Irish funds industry hits record high of $4.2 trillion, new data shows
Figures compiled by Monterey Insight, an independent fund research company, show the value of Irish-domiciled funds grew by 10.4 per cent to a market size of just over $3.3 trillion.
Analysis: Central banking’s brave new world
The ambition of central bankers once was to ‘be boring’ but they now take on responsibility for policy objectives such as tackling inequality and climate change. Not all onlookers are pleased at this ‘self-defined mission creep’
Comment: Putting brakes on stock trading would make GameStop-type events worse
Slowing or staunching trades through a transaction tax as is proposed in the US would prolong the time it takes for a meteoric price rise to correct itself