Sterling to Euro Exchange Rate Today : June 18th 2019 10.00
1 GBP = 1.11894 EUR
1 EUR = 0.89369 GBP
The pound sunk toa 5 month low versus the euro on Monday. Brexit anxiety combined with a weaker dollar sent the pound euro exchange rate to a low of €1.1178.
Sterling fell by 2.7% Vs the Euro across the month of May. That fall continued during the first half of June , a significant drop from the level of €1.1733 at the end of April.
With signs that Boris Johnson is favourite place to take over as UK prime minister, a smooth Brexit cannot be assumed .
According to a recent Bank of England analysis, if the UK did go through a “disorderly” / no deal Brexit , Sterling could fall by 25% under a worst-case scenario. This could see the Pound fall to parity against the Euro.
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 high 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 between Ireland and the UK
If you are just looking to buy some Sterling cash for a holiday – take a look at our page about the best place to buy Sterling in Ireland