THE Euro continued to slide on the currency markets yesterday, dropping to below 84p for the first time in nine months – making the pound worth just over €1.19.
This is good news for workers who get paid in sterling and live in the south.
And it could be good news for businesses as shoppers stay in Co Donegal this Christmas.
Retailers across the county are reporting a higher number of shoppers this year compared to last year.
Much higher prices in the North are also putting off people from travelling.
The only exception remains some BRITISH retailers who have stores in Donegal.
If shops like Marks & Spencer, Next and some of the Tempest outlets in Letterkenny would change their pricing policies and stop charging Donegal people up to 30% more than our northern counterparts for the same goods, it could help transform the county.
Currently those stores use an exchange rate of €1.50 to £1 for many of their products.
The exchange rate could be good for Donegal’s tourism businesses, particularly hotels which rely on huge trade from the North and Britain. A £1/€1.20 exchange rate could give it a vital boost and bring more visitors south.
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