Euro to Pound Exchange Rate News

March 27th 2023 17:00

Euro to Pound Exchange rate today is at £0.8785

Pound to Euro Exchange rate today is at €1.1383

€1 EURis worth£0.8785 Pounds
£1 GBPis worth€1.1383 Euro
€10,000 EUROis worth£8785 Pounds
£10,000 GBPis worth€11383 Euro
Sterling to Euro Exchange Rate

You Can Check the Live Euro to Sterling Exchange Rate Here

Will the Pound Fall Against the Euro ?

In 2022 , the pound was worth as little as €1.08 and as much as €1.21 against the Euro.

The Pound to Euro exchange rate hobbled to near year-to-date highs last week but it struggles to regain a foothold above the nearby 100-day moving average at €1.1389 as market attention returns to Euro Area inflation and the European Central Bank (ECB) interest rate outlook.

Last week, Michael Cahill, an FX strategist at Goldman Sachs raised his six and 12-month Pound to Euro forecast to €1.1368 (Previously €1.111).

The absence of commitment to any further increase in UK interest rates is one possible reason for the Pound’s underwhelming performance following last Thursday’sUK rate rise decision.

The news and information contained on this site are not 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 pounds to euros 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

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

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