Sterling dips once again parity is closer


What will it mean for Irish farmers?

Sterling dips once again parity is closer

  • ADDED
  • 2 years ago

What will it mean for Irish farmers?

Yesterday, the sterling lost more than 0.5% against the euro, RTE reports.

The single currency is up as worries over North Korea drove a flight from risker assets.

Political uncertainty is also bearing the blunt for keeping the battered pound under pressure.

Analysts stated that today’s data (Tuesday) from dominant services would be paramount.

It is reported that construction sector in Britain hit a one-year low in August, due to investment in the commercial sector and Brexit uncertainty.

On Tuesday 29th August last, RTE revealed that the sterling moved towards an eight-year low against the euro.

Following the referendum, sterling was devalued against the euro by 15%.

Theresa May, Prime Minister stressed that the best way to avoid Brexit ‘cliff edge’ is by backing her EU repeal bill.

This Thursday the debate is set to stage.

Against the dollar, sterling slipped back by 0.2% to $1.2917.

Against the euro, sterling was down 0.7% at 92.23 pence.

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