Sterling to Euro Exchange Rate Today
September 14th 2020 17:00
Today’s Pound to Euro Exchange rate is at €1.0838
This is 10.3% up from the lowest EUR/GBP exchange rate of the past 12 months. (€0.833 on Dec 14th 2019). It is the
€1 EUR = £0.9227 GBP
£1 Pound = €1.0838 EUR
€10000 EUR = £9227 GBP
£10000 GBP = €10838 EUR
The Pound-to-Euro exchange had been on a gradual decline since mid-May when it was at €1.15. It hovered around the €1.10 to €1.12 mark for the past few weeks.
Last week – Brexit issues caused big falls in Sterling. The Pound-to-Euro exchange rate was down 3.72% last week.
Relations between the EU and UK deteriorated over the course of the past week with the UK putting forward legislation that would seem to override elements of the Withdrawal Agreement it signed with the EU late in 2019.
It is possible the Pound might recover somewhat if the UK Government loses key votes on this ” Internal Market Bill”.
The prospect of a ‘hard Brexit’ at the end of the year remains a possibility.
In conclusion, anyone holding large amounts of Sterling, who is looking to buy Euros, is unlikely to see any significant improvement for a while.
This could be a good time to buy Sterling if you want to lock in a good rate. For the best places to carry out currency exchange see our page on where to get the Best Exchange Rates.
Currency fluctuations can make it a nerve-wracking time for anyone planning to exchange large amounts of Sterling or Euro.
Using a Currency Exchange company can remove some of the uncertainty. Crucially , they will usually allow you to fix an exchange rate as much as 12 months in advance of a transfer
For the best way to exchange large amounts of currency – see our article explaining how to get the Best Exchange Rates.
You might also be interested in this information about Transferring Money between Ireland and the UK
If you are looking at when is the best time to buy Sterling cash for a trip to the UK – then take a look at this page. The Best Places to Buy Sterling in Ireland