Last night as money markets closed in Europe, the pound was worth €1.17, its highest in months (making the euro worth 85.4p).
With six weeks to Christmas that could stop the flow of shoppers going across the Border – and actually bring shoppers back into Donegal from Derry, Tyrone and Fermanagh.
Letterkenny in particular – with its extensive retail parks – could benefit most as the euro continues to slide against sterling.
The €1.20 rate – though it hasn’t reached that point yet – is psychologically important for shoppers from the North.
At one stage yesterday it was headed for €1.18, before falling back again in a volatile market.
Many shops are enticing northern shoppers south by offering the €1.20 exchange rate, including Hegartys in Buncrana.
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