€1.24 = £1 won't cause stampedes anywhere.
Here's the trend since 2012. The cross-border shopping mania died years before that.
[broken link removed]
€1 = £1 or thereabouts.
The people living in the republic benefit when sterling weakens. Your euros buy more pounds sterling than they did before, so for the same amount of euros you can buy more stuff in Northern Ireland.At the risk of sounding ridiculously stupid, When they say sterling has lost value against the euro who benefits the most in a cross border shopping sense? I know there are other issues to consider as well..
Reports suggest that sterling has lost value against the euro overnight. If this continues even in the short term , are we likely to see a huge amount of consumers heading for the north ?
No, as STG lost just 4 pence against EUR, and is down to levels that were seen recently.
It's at 81p.
Bear in mind it spent years at 85-90p.
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