Irish ports show Brexit currency fallout

The effect of Brexit on some types of exports and imports may be showing up in reduced traffic through Irish ports.

Figures from the Irish Maritime Development Office which monitors traffic through ports show that a sharp drop in so-called dry bulk traffic dropped 10% in the fourth quarter of last year from a year earlier, as coal and trade in animal feeds fell sharply.

The period coincided with the sharp fall in the value of sterling against the euro amid heightened uncertainty over the UK’s plans following its June decision to quit the EU.