Sterling Euro Exchange Rate Today : January 22nd 2020 08:00
1 GBP = 1.1772 EUR
1 EUR = 0.84873 GBP
After the UK election results, Sterling jumped in value – hitting a high of €1.2076 early on Dec 13th. This was a 3 year high against the Euro.
Since the UK election the Pound has fallen , losing about 2.57% against the Euro.
This week – Sterling was not helped by to comments made by UK Chancellor Sajid Javid in the Financial Times on Saturday that Britain would not commit to EU rules in post Brexit trade talks. The chances of a Bank of England interest rate cut is also keeping Sterling lower.
Some analysts expect Sterling might drop back to the €1.12 level in the next 6 months if Brexit talks are not going well.
Expect more volatility as Brexit developments continue in 2020 – especially if the option of a no deal Brexit increases.
Currency fluctuations can make it a nerve-wracking time for anyone planning to exchange large amounts of Sterling or Euro. You will always be worrying if this is the right time to buy or sell Sterling or Euro.
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 the best places to carry out currency exchange for large amounts – see our page on currency specialists 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