Mr. Gerry Mallon:

It is difficult to be very precise on what the impact will be because of the enormous range of potential scenarios and outcomes. We are concerned about and focused on the short-term impact on Ireland and our customer base. The move in sterling clearly makes life very difficult for exporters, particularly those in the food sector with such a high proportion of food exports going to the UK. Many of our customers have hedges in place. They have planned and bought forward and so on.