Euro to Sterling Exchange Rate : May 18th 2018 9am
1 GBP = 1.143 EUR
1 EUR = 0.87367 GBP
See the Latest Exchange Rates Here
An unexpected slowdown in UK economic growth in the first quarter, sent the pound falling 1.1% versus the euro in early May. and the pound euro exchange rate fell to a low of €1.1348, its lowest level in 5 weeks.
Last week Sterling started to claw back losses from the previous week – Despite a run of weak data, a cautious Bank of England (BoE) and uncertainties over Brexit, the pound managed to climb higher against the euro on Thursday. The pound euro exchange rate touched a high of €1.1475, a 3 day high and is on track for its second consecutive winning week.
The Euro wasn’t helped by the possibility of a coalition between two Eurosceptic parties in Italy. Possible policies include potentially leaving the euro.
The ongoing uncertainty over Brexit will continue to affect Sterling and we expect more volatility for the pound throughout the next stages of Britain’s negotiations with the EU.
Sterling did not perform too well overall in 2017 – at its lowest point the Pound went to just €1.08 – down from €1.31 in the month before the Brexit referendum in 2016. There is a possibility that Sterling might get back to last year’s April high of €1.20 if talks go well but any setbacks could see the Pound fall again.
With so much uncertainty in the currency markets at the moment – it could get quite stressful for people or businesses planning large Euro / Sterling exchanges in the next few months. We are in a period of rate volatility which, depending on your timescales and budget, could cause problems if you are not properly prepared.
Using a Currency Exchange specialist can remove some of the uncertainty by allowing you to fix an exchange rate as much as 12 months in advance of your transfer. For good deals on currency exchange for large amounts – for personal money or for businesses – see our page on how to get the Best Exchange Rates
You might also be interested in this information about Transferring Money from Ireland to a UK Bank
If you are just looking to buy some Pounds , Dollars or other foreign cash for a holiday – take a look at our page about the best place to buy travel currency in Ireland