The value of sterling could fall to as low as 97p against the euro in the event of a no-deal Brexit in just a few weeks’ time, according to John Finn, managing director of Treasury Solutions – a company that works with Irish businesses on currency transactions.

Speaking to RTÉ this week, Finn said the Irish food processing and manufacturing industry had done fine throughout the COVID-19 crisis as people were still eating but said food exporters to the UK will get hammered if there’s a hard Brexit in 65 days’ time.