Hard Brexit to ratchet up ‘stress’ for Irish firms

The renewed slump in sterling is hurting key Irish businesses hard as the turmoil caused by the uncertainty of the UK’s new relationship with Europe will persist for a long time, analysts here have warned.

The UK currency fell again yesterday, touching almost 88p, its lowest level against the euro since early November amid a sell-face as UK prime minister Theresa May later today outlines her government’s plans over the divorce talks with the EU.

Any hard Brexit outcome would damage the economy here, north and south.