The prospect of a hung parliament caused sterling to slide on the world money markets.
Sterling fell against both the dollar and the euro, before rallying slightly again. After all results were in for the UK general election and at close of play on friday June 9th the pound was worth €1.137.
It dipped to €1.12 on June 12th. By mid-month the rate was back up to €1.14. As of June 20, after the Brexit talks began in Brussels the rate was €1.13.
Any fall is bad news for the Irish mushroom sector, as it takes us back down around the same territory as September /October last year, when a shake out happened within the sector.
