Euro Sterling Exchange Rate

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