Weak euro helps food exporters

A weak euro over much of the coming year is predicted to help food exporters to the UK.

A euro slide has taken the currency to a 22-month low, relative to sterling, with €1 worth 81.3p so far this month.

The decline reflects sovereign debt concerns in eurozone economies, and political uncertainty. In 2008, the euro appreciated to a high of 98p and has remained relatively strong since. But since 2009, its trajectory has been generally downwards.