British currency policy ‘helps exporters’

BRITAIN’S foreign exchange policy gives Irish exporters an advantage, Bank of Ireland Treasury and International business development manager (south) Fiona Kingston has said.

“Irish exporters to Britain will hardly have taken heart from the recent decision by British chancellor Gordon Brown to postpone a referendum on sterling entry to the euro,” she said.

The Chancellor has made a commitment to re-examine the five economic tests for euro entry next summer.