As we go to press the euro sterling rate stands at €1.09 buys £1, or conversely 91p buys €1 on the foreign exchange market.
We are definitely in worrying territory for Irish exporters as we head into the late summer months.
Oil prices remain stable at the $43 mark for Brent Crude futures.
However even as producers ramp up production by an extra 2 million barrels a day this month, analysts feel that the prospect of a second wave of Covid 19 in developed countries later in the year could weaken the oil market substantially.
