Euro to Pound Exchange Rate News

MAY 12th 2022 16:00

Euro to Pound Exchange rate today is at £0.8512

Pound to Euro Exchange rate today is at €1.1748

€1 EURis worth£0.8512 Pounds
£1 GBPis worth€1.1748 Euro
€10,000 EUROis worth£8512 Pounds
£10,000 GBPis worth€11748 Euro
Sterling to Euro Exchange Rate

You Can Check the Live Euro to Sterling Exchange Rate Here

Euro to Pound Forecast

Will the Pound fall against the Euro ?

The Pound rose 0.45% against the Euro in April and the Pound to Euro exchange rate remained fairly steady during the first 3 months of 2022, not having closed above 1.1958 or below 1.1867 .

In May – the Pound has come under pressure after the Bank of England raised interest rates on May 5th and warned the economy was due to slow sharply over the coming months.
On Thursday the Euro fell after news of a Russion sanction on some EU gas supplies.
The Pound to Euro exchange rate surged by 0.80% to trade at €1.1725.
The Euro to Dollar exchange rate slumped 0.75% to trade at $1.0436.

Last week , before these issues with gas, Goldman Sachs forecast Sterling falling back to €1.1627 by August followed by a slide to around €1.1363 by May 2023.

Foreign exchange analysts at ABN AMRO said last week that they anticipate further Sterling weakness against the Euro and Dollar.
The ABN AMRO forecast is that the Euro-Pound exchange rate will be at £0.85 by end-June, £0.85 by end-September and £0.86 by end-December. This gives a Pound-Euro forecast of €1.1765 and €1.1630

The news and information contained on this site are by no means investment advice.

Fluctuations in Exchange Rates can make it a nerve-wracking time if you are planning to change large amounts of Sterling or Euro in the near future.

Using a Currency Exchange company can remove some of the uncertainty if you are wondering “is now a good time to change euros to pounds or “when is the best time to buy euros“. Crucially, a currency transfer specialist can enable you to fix an exchange rate as much as 12 months in advance of a transfer.
For example- if the current exchange rate suits your future house purchase budget it would make sense to fix the rate now while you wait for your house to sell.
You can also place automatic orders – so that when a rate hits your target rate – the exchange is automatically carried out for you.

Get a Quote For A Currency Transfer

Garton Global Payments is based in London and was set up by Irish native Niall Walsh. They have plenty of experience in dealing with large money transfers between Ireland and other countries. All payment processing is carried out on the CurrencyCloud platform which is fully authorized and regulated in the UK, EU, US, and Canada .
You can request a quote online or call the Garton team direct on (UK) +44 20 8004 5841 or on their Irish number +353 (0)1 6571484

For more options when transferring large amounts of currency – see our article How To To Get the Best Exchange Rates On International Money Transfers.

Investing in Shares in Ireland

Money Transfers to the USA

Visa Exchange Rates

Sending Money to the UK

Send Money to Poland