Sterling sell-off against euro could start again

However, sterling has significantly weakened against the euro from 72.5 pence just a month ago — substantially eroding a some of the benefits that have driven Irish exports into Britain for over a year.
Futures markets now predict only a 10% chance the Bank of England will hike interest rates this year, and may now await until 2017, said Philip O’Sullivan, chief economist at Investec Ireland.