February 26th 2024 17:00
Euro to Pound Exchange rate today is at £0.856
Pound to Euro Exchange rate today is at €1.1682
You Can Check the Live Euro to Sterling Exchange Rate Here
Will the Pound Rise Against the Euro ?
The pound dropped to multi-week lows last week as comments from current and former Bank of England (BoE) policymakers fuelled interest rate cut bets. However, GBP rebounded amid a rosier outlook for the UK economy.
This week, BoE speculation is likely to continue driving the pound amid a lack of market-moving data and several speeches from bank officials. Could a more hawkish tone lift Sterling?
The focus for the Euro this week is undoubtedly on the Eurozone’s preliminary consumer price index for February, out on Friday. Economists expect inflation to have cooled from 2.8% to 2.5% this month. If so, the euro could face heavy selling pressure..
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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.