September 5th 2024 17:00
Euro to Pound Exchange rate today is at £0.8429
Pound to Euro Exchange rate today is at €1.1863
| €1 EUR | is worth | £0.8429 Pounds |
| £1 GBP | is worth | €1.1863 Euro |
| €10,000 EURO | is worth | £8429 Pounds |
| £10,000 GBP | is worth | €11863 Euro |
Will the Pound Rise Further Against the Euro ?
At the end of August, Sterling recovered from the depths of its early August lows around €1.16 against the Euro , recovering to around €1.19.
This week , the Pound has weakened slightly as investors take profits.
The European Central Bank (ECB) will probably cut interest rates in September but forgo a consecutive cut in October, according to the analysis of the latest communications from the central bank.
Slower ECB rate cuts will mean a stronger Euro vs Sterling .
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
Currencies Direct have a London HQ and an office in County Cork in Ireland. Currencies Direct Ltd is authorised by the UK Financial Conduct Authority. In the EU they are authorised by the Bank of Spain to operate as an Electronic Money Institution. You can visit the Currencies Direct website for a free quote and they will call you back. Alternatively you can call them on their Irish number ( 00353 (0)151 361 91
For more options when transferring large amounts of currency – see our article – How To To Get the Best Exchange Rates On International Money Transfers.
The news and information contained on this site are not investment advice.