Sterling to Euro Exchange Rate News

Euro Pound Sterling Exchange Rate Today: September 18th 2019 17:00

1 GBP = 1.113079 EUR
1 EUR =  0.88433 GBP

The Pound has over recent weeks recovered over half of the losses it suffered against the Euro during the May-August period. Back on May 06 the GBP/EUR exchange rate peaked at €1.1779 then fell as low as €1.0724 after a no-deal Brexit looked more likely with Mr Johnson in control.
Recent weeks have seen increased hopes of getting a deal – but whether these hopes are warranted remains to be seen.
Kit Juckes, a foreign exchange strategist with Société Générale thinks that that Sterling’s recent recovery is at risk of fading . Juckes says a move back to 1.0990 in GBP/EUR, , “seems a pretty high risk in the next few weeks.”

The current pound euro exchange rate is still 4.2% lower than the highest level of the past 12 months which was €1.1801 seen in the middle of March 2019.

A few weeks ago Rabobank said that should a ‘no deal’ Brexit occur, they see the possibility of the Pound-to-Euro exchange rate falling to parity.

See Today’s latest Exchange Rates Here


Is now a good time to buy Sterling?
Anyone who is planning on buying the pound now still has an opportunity to buy the currency close to the cheapest level for almost 2 years. Good news for anyone planning a property or car purchase in the UK .
A Brexit deal could see Sterling jump in value .

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.
If you are looking to convert large amounts of Euro to Sterling – then now might be a very good time to lock in the current exchange rate.

For the best deals on currency exchange for large amounts – see our page on how and where 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 at the best time to buy some Sterling cash for a holiday  – take a look at our page about the best place to buy Sterling in Ireland