Bank of America analysts have predicted that sterling is set to bounce back on the currency markets.
Their prediction is that the pound’s recovery will be V-shaped in nature. That means we’re in for another dip in sterling against the dollar and the euro, before it eventually picks up. The time frame was within months for the ascent.
That should be good news for mushroom producers in Ireland, even though they may have to sustain another squeeze in the very short term, if - and it's a big if - the bank's analysts are correct.
