‘Vintage year’ for Irish exporters on weak euro

A “vintage era” for Irish small business exporters will likely extend through next year, as the euro remains lower for longer against sterling than once thought, leading economists have predicted.

The rise of sterling and the dollar against the single currency has provided Irish exporters with an exceptional advantage in exporting goods and services.

The drop in the value of the euro against sterling has benefited small and medium sized businesses in the Republic in exporting to Britain because exporters are able to price goods and services competitively, due to the gains of the currency.