ANAYLYSTS believe Euro will continue to slide against sterling in the longterm as it fell again.
Trading opened today with the Euro worth below the 84p mark – at 83.88p – or making the pound worth just over €1.19c.
It is good news for Donegal businesses, including filling stations along the Border. It also means consumers are more likely to shop at home in the county this Christmas.
It is a massive difference on a year ago when the two currencies hit parity, giving huge value for people crossing the Border to shop in Belfast, Derry, Omagh, Strabane and Enniskillen.
But businesses there are reporting less visitors from Donegal this Christmas.
And yesterday – a traditional ‘big shop’ day – Foyleside in Derry was extremely quiet, hit by the weaker euro and the terrible weather.
It is also good news for workers from Donegal being paid in Sterling, making their pay packets 20% bigger than a year ago.
