Sterling dip still a risk for Irish exports

Sterling could face a further sell-off this week and deliver a fresh blow to Irish exporters into Britain amid more weekend revelations about David Cameron’s links with offshore funds, economists here have warned.

Currency markets — which have already sold down sterling amid fears that Britain will vote to leave the EU in its ‘in-out’ referendum on June 23 — will be closely watching whether the new disclosures will limit the UK premier’s campaign to stay in.

The warnings come as Ibec — the Irish Business Employers’ Confederation — today raised the level of its warning over the so-called Brexit vote, saying that sterling and Irish trade would slump and firms on both sides of the border would face huge disruption, should Britain vote to leave.