Good news for local traders as Sterling rises to new high against Euro

first_imgA COMEBACK by Sterling has seen the pound rise to its highest level against the Euro since September today.Early trading on the markets today saw the pound jump.A euro now buys just 84p – with £1 worth €1.18. Many market analysts believe the euro could drop back to 82p or 81p in the coming days.That makes shopping north of the border less attractive in the crucial run-up to Christmas for Donegal businesses.It’s also good news for workers employed in the North who have seen their real wages decline since the collapse of the pound following the Brexit vote.At one stage there were fears the two currencies could head towards parity. But most economic commentators were today saying sterling will get stronger in the short to medium term against the euro.That’s also good news for exporters. Good news for local traders as Sterling rises to new high against Euro was last modified: November 24th, 2016 by John2Share this:Click to share on Facebook (Opens in new window)Click to share on Twitter (Opens in new window)Click to share on LinkedIn (Opens in new window)Click to share on Reddit (Opens in new window)Click to share on Pocket (Opens in new window)Click to share on Telegram (Opens in new window)Click to share on WhatsApp (Opens in new window)Click to share on Skype (Opens in new window)Click to print (Opens in new window) Tags:donegaleuro sterlingexchange ratelast_img read more

Newcastle set to lose out to Roma in race for Maxime Gonalons

first_img Maxime Gonalons is set to leave Lyon Roma have moved ahead of Newcastle United in the race for Maxime Gonalons after agreeing personal terms with the Lyon midfielder.Gonalons has spent his entire career at Lyon but is ready to leave the French side this summer after refusing to extend his contract as it enters its final year.A number of clubs are keen to strike a deal for the 28-year-old Frenchman, including AC Milan, Lazio and Newcastle.However, according to L’Equipe, Roma have steamed ahead of the competition by agreeing personal terms with Gonalons.Roma’s new sporting director, Monchi, is said to be leading the charge and they now just need to agree a transfer fee with Lyon.The Ligue 1 side are reportedly holding out for around £5m for the sale of Gonalons. 1last_img read more