Market storm lifts but currency fallout looms

The pressure has resumed on Irish firms that depend on selling their goods and services to Britain.

Sterling has slipped again, as the Bank of England prepares to pump money into the UK’s financial system after the shock Brexit vote a week ago.

Any sharp fall for sterling, against the euro, hits small- and medium-sized exporters hard, because it hugely erodes their profit margins on exports across the Irish Sea.