Euro Sterling Exchange Rate : October 25th 2017 11am
1 GBP = 1.1259 EUR
1 EUR = 0.8881 GBP
See Latest Exchange Rates Here
During most of September we saw a gradual recovery in the value of the Pound against the Euro. This recovery was helped when the Bank of England hinted they were considering raising interest rates.
Brexit progress – or the lack of it , is keeping Sterling lower.
he Pound lost ground this week after the EU’s Michel Barnier intimated that a trade deal could take up to three years to negotiate.
The prospects of a Bank of England interest rate rise might help strengthen Sterling – but the latest comments from Bank of England (BoE) Deputy Governor Jon Cunliffe seem to hint that a rate increase in November might not happen.
Back in July a Euro was worth just £0.8453 GBP. Today , the Sterling to Euro exchange rate is closer to £0.89 GBP .
In August , US investment bank Morgan Stanley , predicted Euro/ Sterling parity in 2018 – with the possibillity of the Euro being worth more than the Pound at some stage in early 2018.
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 in a prolonged 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