Ibec predicts more pain for exporters

Business representative body Ibec has warned further pain lies ahead for exporters already reeling from sterling’s depreciation in the wake of June’s Brexit vote.

The pound has depreciated by 13% against the euro since UK voters chose to leave the European Union three months ago.

Rather than some of that effect unwinding in the coming months, the situation is likely to deteriorate further for exporters, whose goods are now more expensive across the Irish Sea.