September 21st 2023 11:30
Euro to Pound Exchange rate today is at £0.867
Pound to Euro Exchange rate today is at €1.1534
|€1 EUR||is worth||£0.867 Pounds|
|£1 GBP||is worth||€1.1534 Euro|
|€10,000 EURO||is worth||£8670 Pounds|
|£10,000 GBP||is worth||€11534 Euro|
You Can Check the Live Euro to Sterling Exchange Rate Here
Will the Pound Fall Against the Euro ?
In 2022 , the pound was worth as little as €1.08 and as much as €1.21 against the Euro.
Since the Brexit vote in 2016 GBP/EUR has spent nearly 60% of its time below the key level of €1.17 .
The pound retreated on Wednesday, after Bank of England (BoE) interest rate expectations were rocked by the UK’s latest inflation figures.
Coming up, the pound could face heavy selling pressure this afternoon if the BoE opts to leave interest rates on hold.
Although the Pound can remain supported in the near term thanks to the UK’s higher interest rate settings, BNP Paribas has it on watch for weakness over a multi-month timeframe.
Downside risks include a likely UK recession that BNP Paribas predicts to come about in the first half of 2024.BNP Paribas has the Euro to Pound forecast set at £0.85 for year-end, £0.86 for the end of the first quarter, £0.87 for the end of the second, third and final quarters of 2024.
ING also anticipates the Pound to come under pressure against the Euro, despite the deterioration in sentiment towards the Eurozone’s single currency over the recent weeks.
ING’s year-end 2023 EUR/GBP forecast remains at £0.8800 which gives a Pound to Euro forecast of €1.1363.
The news and information contained on this site are not 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.
For more options when transferring large amounts of currency – see our article – How To To Get the Best Exchange Rates On International Money Transfers.