The pound sterling has strengthened to its highest level against the euro in over two years.

On Wednesday, the value of sterling hit 84.7p against the euro – its highest level since May 2017.

Speculation about a Conservative victory in the upcoming UK general election has boosted the UK currency.

A strengthening sterling is good news for Irish farmers as it makes Irish beef and dairy exports more competitive in the UK market.

Since early August, the pound sterling has moved from 94p against the euro to 84.7p this week, which is a significant boost for Irish exporters.