Euro Sterling Exchange Rate : July 18th 2017 10am
1 GBP = 1.128635 EUR
1 EUR = 0.886026 GBP
See Latest Exchange Rates Here
Today, Sterling fell against the Euro with the exchange rate going as low as €1.12. Lower than expected UK inflation figures were the main reason for this – lower inflation will mean less of a chance of UK interest rates being increased.
Sterling slipped below €1.14 against the Euro earlier this month after worse than expected UK Manufacturing figures.
Tho months a go weeks ago a EURO was worth £0.8453 GBP. Today , the Sterling to Euro exchange rate was closer to £0.89
Sterling is not seen as an attractive option for investors at the moment, especially with Brexit still dominating the news. If the initial talks do not run smoothly we could easily see the GBP/EUR rate come under even more pressure, and it would not take much to see exchange rates down at the €1.10 level we witnessed last year.
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 likely to be entering a period of heightened 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 large amounts of currency exchange – 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