PREPARE FOR STERLING PARITY

Ireland should prepare for parity with sterling as the British currency’s woes continue amid Brexit uncertainty. That was the warning from EY chief economist Neil Gibson in the wake of a new fall in sterling to 90p against the euro this week. ‘Nobody is predicting parity yet but it is within the realms of possibility, particularly if Brexit continues to be a challenge in the lead up to March [the deadline for doing a deal],’ he said. ‘Brexit is being seen as much more of a British problem that will drag on sterling. We can’t rule out parity if there’s a choppy Brexit.’