The volatility of sterling has been seen again mid-month, with the pound gaining a little strength against the euro with news that Brexit negotiations between the EU and UK have been making headway.
Banks still advise on hedging against the perceived threat of massive swings if a no deal Brexit transpires.
At rates above 90p to the euro serious competitiveness issues arise for Irish exporters.
Everyday seems to bring a new twist and a new turn, so the next few months could be torturous. On the other hand a deal could be done in 6 weeks or so, and it’ll be all plain sailing after that - as if.
