Euro to Sterling Exchange Rate : April 18th 2018 11am
1 GBP = 1.148 EUR
1 EUR = 0.87068 GBP
As March ended – it saw the Pound having it’s best quarter against the Euro since 2016.
More weak eurozone data and a more cautious sounding European Central Bank weighed on the euro last week and saw the pound- euro exchange rate rally, hitting a peak of €1.1567, its highest level in 10 months.
The start of this week has seen the Euro recover a bit against Sterling as poor economic figures in the UK were released. UK inflation fell for the second month and investors are nervous that the Bank of England (BoE) could put off a Spring interest rate rise. As a result, the pound fell.
A Reuters poll of forecasts for the British Pound shows expectations for Sterling are at their highest since the June 2016 vote to leave the European Union amidst broadening agreement that the UK currency can continue to climb higher.
Sterling did not perform too well overall in 2017 – at its lowest point the Pound went to just €1.08 – down from €1.31 in the month before the Brexit referendum in 2016
The ongoing uncertainty over Brexit will continue to affect Sterling and we expect more volatility for the pound throughout the next stages of Britain’s negotiations with the EU. There is a possibility that Sterling might get back to last year’s April high of €1.20 if talks go well but any setbacks could see the Pound fall again.
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 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