Exporter relief as sterling slide halts

Irish exporters eyeing the British market got some relief yesterday as sterling halted its slide against the euro for the first time in three days.

Sterling was trading higher at 80.75 pence per euro, after reaching 81.17 pence on Thursday, the weakest since June 2014.

The UK currency halted a three-day run of declines, despite UK official figures that showed manufacturing production in February fell sharply.