July 26th 2021 17:00
Sterling to Euro Exchange rate today is at €1.1706
Euro to Sterling Exchange rate today is at £0.8543
|€1 EUR||is worth||£0.8543 Sterling|
|£1 GBP||is worth||€1.1706 Euro|
|€10,000 EURO||is worth||£8543 Pounds|
|£10,000 GBP||is worth||€11706 Euro|
Summary of 2021 Euro to GBP exchange rates:
- Best exchange rate in 2021 was 0.9057 GBP on 06 Jan 2021.
- Lowest exchange rate in 2021 : was 0.8491 GBP on 05 Apr 2021.
- Average Euro/GBP exchange rate in 2021: 0.8668 GBP.
Will the Pound get stronger against the Euro?
The Pound-to-Euro exchange rate fell to a 6 week low on July 20th when it reached €1.1535.
Sterling is also under heavy pressure thanks to its high correlation with stock markets
If the market enters a more pronounced downtrend then the Pound could be in line to lose further ground against the Euro and Dollar.
Tomorrow the ECB meet and if the outcome of that is positive for the Euro – we could see further falls in the GBP/EUR rate.
Data from the Commodities Futures Trading Commission shows more investors are now betting on falls in Pound Sterling than are betting on gains, for the first time since December
HSBC recently forecast a Euro-to-Pound rate of £0.9179 by year end and £0.88 by mid-2022.
This gives a Pound-to-Euro exchange rate forecast of €1.0894, and €1.1363 respectively.
For example- if the current exchange rate suits your future house purchase budget it would make sense to fix the rate now.
Get a Quote For A Currency Transfer
For more options when transferring large amounts of currency – see our article – How To Get the Best Exchange Rates.