The importance of the UK market for the Irish economy is increased further by the nature of these goods and services, which predominantly come from sectors which are of vital importance 2 / 11  BIS central bankers' speeches  from a regional employment perspective and comprise a large share of Ireland’s small and medium enterprises, such as tourism and agriculture.
In plain English, this means that for Trinidad and Tobago the difference between local interest rates and foreign rates matters in terms of attracting capital or investment, and this has a bearing on exchange rates in the future.