Retailers’ currency rates face EU probe

CONSUMERS are being ripped off by large retail stores which are failing to pass on the benefits of the falling value of sterling, Dublin MEP Eoin Ryan says.

He has asked the European Competition Commissioner Nellie Kroes to investigate these retailers as a matter of urgency.

“This is a very important issue for Irish consumers who are very sensitive at all times to currency changes, but particularly now during these difficult economic times,” he said.