The pound sterling rallied to over €1.18 at the start of December.
The inverse rate of 84.5p shows how the euro/pound rate is well away from the 90 pence danger zone it was at earlier in the year.
The bump was on the back of some political polls showing a decisive Conservative win in the upcoming UK election. As we know, polls can be hit and miss!
Irish mushroom producers will be much relieved by the movement, however the volatility inherent in the foreign exchange market shows no sign of abating. Expect many more ups and downs, and twists and turns.
