Sterling Euro Exchange Rate Today : December 5th 2018 9.00am
1 GBP = 1.12613 EUR
1 EUR = 0.888 GBP
Turmoil in the UK over Brexit caused a drop in the value of Sterling in the past few months- and it hasn’t finished yet !
Yesterday – British MP’s voted in favour of giving more power to Parliament over the next Brexit steps. Giving Parliament a bigger say on what happens should reduce the chances of a “no deal” Brexit – which helped the value of Sterling. The pound euro exchange rate initially dropped to a low of €1.1180 during Tuesday before getting up to high of €1.1249 .
Back at the end of August , the pound fell to €1.11 . This was follwed by some Brexit optimism and as recently as three weeks ago the sterling euro exchange rate reached €1.1552, a level last reached back in April 2018 .
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 high 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 between Ireland and the UK
If you are just looking to buy some Pounds for a holiday – take a look at our page about the best place to buy Sterling in Ireland