Paddy Malone insists Dundalk is “booming” again for the first time in years
Local businesses have been reporting a mini-boom in recent weeks due to the decline in the value of the euro.
Tens of thousands of shoppers have been pouring south of the border from the North to avail of the current strength of sterling compared to the euro.
Dundalk has been one of the biggest beneficiaries of the fact that a pound is now roughly equal to €1.32 with some currency experts predicting the euro could fall further in the coming months.
Dundalk Chamber of Commerce PRO Paddy Malone told The Irish Independent today that the town was “booming” again for the first time in years.
“A couple of years ago finding a northern-registered car in a car park in Dundalk was like finding hen’s teeth,” he said.
“Now it’s a completely different story.
“Added to that, shoppers aren’t going north any more, they’re staying at home,” he said.
The rise of sterling is good news for cross-border workers who work in the North but live south of the border, giving them an equivalent 15% pay rise over the past two years.
However, it is bad news for workers going the other way with an effective pay cut for people paid in euro and living in the North.
Talk of the Town 