The Euro has weakened against Sterling during most of April and it has dropped again today to a 2 year low . Weak data on manufacturing activity across the Eurozone has increased fears of the region slipping back into a recession. The rise in the number of unemployed people in Germany has also raised serious concerns about the contagion effect of the Eurozone debt crisis.
1 EUR = 0.811655 GBP
1 GBP = 1.23205 EUR
The Pound was helped by news that the British construction sector activity expanded in April, and mortgage approvals in the UK unexpectedly rose for March. A report released earlier this week indicated that house prices in the UK rose for April.
If you are concerned about the weakening Euro and are thinking of moving some of your savings out of the Euro – you can enquire about getting good exchange rates on larger amounts of currencies . See more information on our page about Exchanging Euros to Sterling