Exporters holding their breath as Britain goes to polls for Brexit vote

Today’s Brexit vote is hugely important for Irish exporters and will set the scene for major shifts in the way business will be conducted not just with the UK but right across Ireland’s trading spectrum.

Whether you think remaining in or leaving the EU is the right thing for the UK, an exit outcome of the referendum is likely to impact heavily on Ireland’s exports not just to the UK but across the EU and beyond.

The impact on the sterling/euro exchange rate, in the event of the UK exiting, seems to be well understood and most exporters have taken the sensible option of locking in their sterling requirements at current rates with their banks, using forward contracts.