Exporters to benefit from UK election result

A surge for sterling against the euro following the unexpected outcome of the UK election will boost Irish exporters, but investors say long-held worries about Britain exiting the EU will now swiftly take centre stage.

David Cameron securing an overall majority has allayed the fears of financial markets in the short-term at least, analysts said.

An indecisive election result would have led to weeks of political wrangling at Westminster and possibly led to a rout for sterling, which had rallied strongly in recent months as recovery took hold in Britain.