Sterling hit an eight-year high against the euro in the summer, peaking at €1.44 for £1. The high rate of exchange was good for northern and UK holidaymakers travelling to the eurozone.
It was also good for southern and European producers exporting produce to the UK. However perhaps there was a downside for northern and UK producers, facing stiffer competition from cheaper imports from the eurozone.
For every up there has to be a down, just like a big dipper.
