ISME fears rising euro will hurt exports to Britain and US
Small business group ISME said Britain and the US are the two big markets for Irish exporters, adding that there is a danger such fluctuations will go against them. ISME said there are concerns that the increase in exports over the last few months could now be damaged.
The dollar fell against the euro and yen yesterday after finance officials failed to reach a consensus on measures to see off what analysts said is a looming “currency war”. The pound also weakened against the euro, falling to near a five-month low, as investors speculated the Bank of England will restart its debt-purchase programme to bolster the economic recovery.
