Euro Sterling Exchange Rate Update : April 20th 2017 9am
1 EUR = 0.8395 GBP
1 GBP = 1.1911 EUR
See Latest Exchange Rates Here
The triggering of Article 50 earlier this month didn’t seem to affect the value of the Pound . The announcement of a UK election in June seems to have had a positive effect on the value of Sterling as it rose to over €1.19.
Back in May 2016 the Pound was worth €1.31 but Sterling fell sharply in June 2016 after the decision of the UK to leave the EU. It went as low as €1.10 at one stage . During the latter half of July 2016 it was hovering around the €1.19 . This week GBP is back around the €1.19 mark .
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 Broker 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