December 8th 17:00
Sterling to Euro Exchange rate today is at €1.1681
Euro to Sterling Exchange rate today is at £0.8561
| €1 EUR | is worth | £0.8561 Sterling |
| £1 GBP | is worth | €1.1681 Euro |
| €10,000 EURO | is worth | £8561 Pounds |
| £10,000 GBP | is worth | €11681 Euro |
Summary of 2021 Euro to GBP exchange rates:
- Best exchange rate was 0.9057 GBP on 6th Jan 2021.
- Lowest exchange rate : was 0.8389 GBP on 19th Nov 2021.
- Average Euro/GBP exchange rate 2021 : 0.8608 GBP.
Will the Pound get Stronger against the Euro ?
Pound-to-euro forecast
Back on Nov 19th ,the Pound to Euro exchange rate rose to its highest level in 2021 at €1.1910 – this came after UK inflation beat expectations.
Since then – the Pound has weakened again and risks slipping back toward early November’s lows in the €1.1630 range.
There could be some response to October’s UK GDP data due out on Friday morning, which will provide insight into the status of the UK’s economic recovery early in the final quarter.
The new Omicron Covid variant has caused stock markets and Sterling to weaken in December – but it looks like the newest strain of Covid might not be as severe as first suspected.
However – Markets now anticipate a Uk interest rate hike in February, but the risk posed to the economy by the UK government’s response to Omicron might soon see investors lower the odds – or expected scale – of a February rate hike. This would add further pressure to Sterling.
In October ABN AMRO forecast a Euro to Pound exchange rate of £0.85 for year-end, £0.84 for the end of quarter 1 2022,£ 0.83 for the end of the second quarter, £0.81 for the end of the third quarter and £0.80 for the end of 2022. (So a gradual fall in the Euro Vs GBP). This was based on the expectation of a November UK interest rate rise.
The above figures translate into Pound to Euro forecasts of €1.1764 for year-end, €1.19 by the end of the first quarter of 2022, €1.2050 by the end of the second quarter, €1.2324 by the end of the third quarter and €1.25 by end of 2022.
For example- if the current exchange rate suits your future house purchase budget it would make sense to fix the rate now.
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
OFX is a global money transfer company that was set up in 1998 .
OFX has an office in Dublin and is regulated by the Central Bank of Ireland and the FCA in the UK.
OFX offer a personal, proactive approach, helping you to access competitive rates of exchange with specialists available 24/7.
You can visit their website to find out more and register.
For more options when transferring large amounts of currency – see our article – How To Get the Best Exchange Rates.