A COMEBACK by Sterling has seen the pound rise to its highest level against the Euro since September today.
Early trading on the markets today saw the pound jump.
A euro now buys just 84p – with £1 worth €1.18.
Many market analysts believe the euro could drop back to 82p or 81p in the coming days.
That makes shopping north of the border less attractive in the crucial run-up to Christmas for Donegal businesses.
It’s also good news for workers employed in the North who have seen their real wages decline since the collapse of the pound following the Brexit vote.
At one stage there were fears the two currencies could head towards parity.
But most economic commentators were today saying sterling will get stronger in the short to medium term against the euro.
That’s also good news for exporters.
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