Euro Sterling Exchange Rate : May 23rd 2017 10am
GBP = 1.15 EUR
1 EUR = 0.87 GBP
See Latest Exchange Rates Here
Over the course of the past week Sterling has dropped against the Euro by over 2% . To put this sort of move into monetary terms, purchasing €300,000 on Monday last week would today cost over £5,000 more
Three weeks ago a EURO was worth £0.8453 GBP. Today , the Sterling to Euro exchange rate was close to £0.87
The Euro has also been helped by France’s newly elected President Emmanuel Macron appointing his Prime Minister, Edouard Philippe. Philippe is a centre-right Republican and not from Macron’s new Centrist party. Macron’s choice is seen as an attempt to draw in key figures from both the left and right of French politics.
The upcoming UK elections could well see some volatility for the Pound . With Merkel aiming to strengthen the euro in the near future and strenuous Brexit talks weighing heavily on the pound, could we soon see GBP/EUR below the lows we saw in October last year?
Over the past several months Brexit has cast a cloud of uncertainty over the currency markets. If you think that the last 9 months were volatile for the currency markets, brace yourself, as the next 2 years are likely to be even more so.
With so much uncertainty in the currency markets at the moment – it could get very stressful for people or businesses planning large Euro / Sterling exchanges in the next few months. We are likely to be entering a period of heightened 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 large amounts of currency exchange – 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