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 EUR||is worth||£0.8512 Pounds|
|£1 GBP||is worth||€1.1748 Euro|
|€10,000 EURO||is worth||£8512 Pounds|
|£10,000 GBP||is worth||€11748 Euro|
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.
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.